Possible Steps in buying a product… - PowerPoint PPT Presentation

Possible steps in buying a product
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Possible Steps in buying a product…. Mrs. Piotrowski wants to order clothes from a vendor…she fills out a purchase order…this tells the vendor she has set aside money to pay the bill. Purchase Order Buffalo Embroidery makes product and ships to LHS Bookstore.

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Possible Steps in buying a product…

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Possible steps in buying a product

Possible Steps in buying a product…

  • Mrs. Piotrowski wants to order clothes from a vendor…she fills out a purchase order…this tells the vendor she has set aside money to pay the bill.

  • Purchase Order

  • Buffalo Embroidery makes product and ships to LHS Bookstore.


Possible steps in buying a product1

Possible Steps in buying a product…

  • Mrs. P. receives product and invoice..


Possible steps in buying a product2

Possible Steps in buying a product…

  • Invoice received and recorded into ledger/accounting records.


Possible steps in buying a product3

Possible Steps in buying a product…

  • Mrs. P. sees 3 shirts are not printed correctly and sends them back to Buffalo Embroidery. They send her a credit memo.


Possible steps in buying a product4

Possible Steps in buying a product…

  • Credit memo received and changed on account ledger…


Possible steps in buying a product5

Possible Steps in buying a product…

  • Payment is made on what is currently owed. Account is updated…


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