coreSTORE - Purchasing: Supplier Store Accounts
Setting up supplier store accounts in coreSTORE streamlines the purchase order (PO) and receiving process. It allows for tracking supplier transactions, managing payments, and maintaining accurate records. By linking purchases directly to supplier accounts, businesses can ensure consistent communication and efficient financial management, reducing errors and improving supplier relationships.
Store Accounts are used to allow two track supplier's accounts with the store.
To enable this feature, go to Store Config/Setting and check the box "Supplier Store Accounts:"
Once enabled, a new payment method "Store Account" is added to the payment list in the receivings module:
The store account balance will be noted on the supplier attached to a receiving:
To add a payment to a store account, simply add items to a receiving, select a supplier, then add a payment method of store account. After completing the sale their balance will display on the receipt:
Store accounts are not any good if you cannot pay down the balance. Fortunately, paying a store account is easy.
To do this, go to the receivings register and simply the "register mode" to store account and then select a customer. Then enter the payment amount and method and complete the receiving. A receipt will be shown and the balance displayed on the receipt.
Complete the transaction similarly to how you would with a receiving. Click Pay next to a receiving transaction and then complete receiving.
You can run store account reports just like any other report. There are 3 of them: Detailed, Summary and Statements. These reports are similar to Customer Store Accounts and can be emailed to the Suppliers.
Setup of Store Accounts
Store Accounts are used to allow two track supplier's accounts with the store.
To enable this feature, go to Store Config/Setting and check the box "Supplier Store Accounts:"
Using Store Accounts
Once enabled, a new payment method "Store Account" is added to the payment list in the receivings module:
The store account balance will be noted on the supplier attached to a receiving:
To add a payment to a store account, simply add items to a receiving, select a supplier, then add a payment method of store account. After completing the sale their balance will display on the receipt:
Paying On a Store Account
Store accounts are not any good if you cannot pay down the balance. Fortunately, paying a store account is easy.
To do this, go to the receivings register and simply the "register mode" to store account and then select a customer. Then enter the payment amount and method and complete the receiving. A receipt will be shown and the balance displayed on the receipt.
Complete the transaction similarly to how you would with a receiving. Click Pay next to a receiving transaction and then complete receiving.
Store Account Reports
You can run store account reports just like any other report. There are 3 of them: Detailed, Summary and Statements. These reports are similar to Customer Store Accounts and can be emailed to the Suppliers.
Updated on: 06/26/2024
Thank you!