Purchases

What is a purchase order and how do you create it?
A purchase order is a financial document you will issue to your vendor when you need to buy raw materials for your business from them. A purchase order is a...
Thu, 12 Aug, 2021 at 3:38 PM
Can you convert a purchase order into an invoice?
Yes, a purchase order can be converted into an invoice. Simply select a particular purchase order under the ‘Purchase order’ tab in the 'Purchases'...
Thu, 12 Aug, 2021 at 3:39 PM
What is a receipt note and how do you create a receipt note?
The goods receipt note is a document produced by the business/supplier after the goods has been received by the buyer. You can convert the receipt note to a...
Thu, 12 Aug, 2021 at 3:41 PM
Can you convert a receipt note into a bill?
Yes. You can convert a receipt note to a bill and complete the payment to your vendor. Select a particular receipt note under the ‘Receipt note’ tab in the ...
Thu, 12 Aug, 2021 at 3:43 PM
What is a bill and how do you create a bill?
A Bill is a commercial document which your vendor has sent to you in expectation of receiving a payment from you, after having provided their goods or servi...
Thu, 12 Aug, 2021 at 3:45 PM
Can you just record a bill and pay for it later?
Yes. You can just create a bill and save it. To make the payment, you can later go to ‘Purchases' from the left-hand side panel, and click on ‘Bills’. ...
Thu, 12 Aug, 2021 at 3:46 PM
Can I send payments against all bills at one go?
Yes. You can send payments for all bills by going to the 'Bills or Purchase dashboard’ in the ‘Purchase’ section and then select all the boxes on the l...
Thu, 12 Aug, 2021 at 3:47 PM
How do I make online payouts on Open?
You can make payment via multiple online modes IMPS, RTGS, NEFT, Cards, Net Banking & UPI modes directly from your Open business account or connected cu...
Thu, 12 Aug, 2021 at 3:48 PM
Can I add new fields on my bill to specify any additional information I want?
To add additional info on your bills, you need to enable the toggle button on the right side while creating bills and add custom fields.
Thu, 12 Aug, 2021 at 3:49 PM
What is an accounting transaction while creating bills?
Accounting transaction is a feature that users can enable while creating the invoice for providing /selling services like IT services, faculty management se...
Thu, 12 Aug, 2021 at 3:49 PM