Complete Purchase Cycle in Axanta ERP

This video tutorial provides a clear and structured explanation of how to manage the Complete Purchase Order Cycle in Axanta ERP and highlights its importance in ensuring smooth procurement, accurate inventory updates, and proper accounting.

In this tutorial, you will learn the following:

• How to create a Request for Quotation (RFQ), selecting a vendor, and define essential details.
• How to review and confirm the RFQ to convert it into a Purchase Order (PO).
• How the system automatically creates a Receipt Shipment once the PO is confirmed.
• Once the goods have been received (fully or partially), users can generate a Vendor Bill directly from the PO.
• How to register a payment from the Vendor Bill by selecting the appropriate Payment Journal (e.g., Cash or Bank).

The tutorial concludes by reviewing the Journal Entries generated during the process.