The steps for the purchasing process
Step 5?
The accounting department receives the supplier's invoice
what is step one?
The department that needs items prepared a purchase requisition and submits it to the purchasing department
What happens after the supplier's invoice is verified?
The processing stamp is placed on the invoice and completed
Step 9
The purchase transaction is posted to the appropriate accounts
Step 8
The purchased item is journalized
Step 2?
The purchasing department prepares a purchase order and sends it to the supplier
What comes after when the purchasing department prepares a purchase order and sends it to the supplier?
The shipment of items is received and unpacked and the quantities and items checked against the packing slip
Step 6.
The supplier's invoice is verified
Step 10
The suppliers invoice is placed in tickler file according to its due date
Step number 4?
The verified packing slip is sent to the accounting department