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