Overseas purchasing/wire transfers

Thanks Mark, sounds like it'll work perfect.





Michelle Von Bokern

Office Manager

Advance Engineering Co.

PH: 630-628-3445

FAX: 630-628-3449

mvonbokern@... <mailto:mvonbokern@...>

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Mark Howard
Sent: Thursday, November 30, 2006 4:24 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] OVERSEAS PURCHASING/WIRE TRANSFERS



Don't you receive a Quote or Invoice at the time of order or transfer? I
would enter and approve the invoice at that time.

This would also make life easier for accounts department, when they
enter
the bank statement into vantage they would select manual A/P payment and
pull up the invoice. This would take the guess work out for the accounts
department as what G/L code to put the purchase to.

I think when entering the invoice you would have to add an Unrecieved
billing line because you do not have the goods yet.

-----Original Message-----
From: Michelle VonBokern [mailto:mvonbokern@...
<mailto:mvonbokern%40advengcorp.net> ]
Sent: Friday, 1 December 2006 7:49 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: [Vantage] OVERSEAS PURCHASING/WIRE TRANSFERS

We recently started purchasing some material overseas. We pay for this
by electronic transfers out of the bank account. Being that a purchase
order was cut in the system, and a packing slip entered when we receive
the material; the packing slip just sits out there waiting for an
invoice. Any suggestion on how to handle this? One suggestion was to
enter a $o.oo invoice to apply to the packing slip. However, that would
not take the $$ total of the original PO out of the clearing account
would it?

I am looking for the cleanest way to handle this...any suggestions would
be much appreciated.

Thanks in advance!

Michelle Von Bokern

Office Manager

Advance Engineering Co.

PH: 630-628-3445

FAX: 630-628-3449

mvonbokern@advengco <mailto:mvonbokern%40advengcorp.net> rp.net
<mailto:mvonbokern@advengco <mailto:mvonbokern%40advengcorp.net> rp.net>


[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]





[Non-text portions of this message have been removed]
We recently started purchasing some material overseas. We pay for this
by electronic transfers out of the bank account. Being that a purchase
order was cut in the system, and a packing slip entered when we receive
the material; the packing slip just sits out there waiting for an
invoice. Any suggestion on how to handle this? One suggestion was to
enter a $o.oo invoice to apply to the packing slip. However, that would
not take the $$ total of the original PO out of the clearing account
would it?

I am looking for the cleanest way to handle this...any suggestions would
be much appreciated.



Thanks in advance!



Michelle Von Bokern

Office Manager

Advance Engineering Co.

PH: 630-628-3445

FAX: 630-628-3449

mvonbokern@... <mailto:mvonbokern@...>





[Non-text portions of this message have been removed]
Don't you receive a Quote or Invoice at the time of order or transfer? I
would enter and approve the invoice at that time.

This would also make life easier for accounts department, when they enter
the bank statement into vantage they would select manual A/P payment and
pull up the invoice. This would take the guess work out for the accounts
department as what G/L code to put the purchase to.



I think when entering the invoice you would have to add an Unrecieved
billing line because you do not have the goods yet.







-----Original Message-----
From: Michelle VonBokern [mailto:mvonbokern@...]
Sent: Friday, 1 December 2006 7:49 AM
To: vantage@yahoogroups.com
Subject: [Vantage] OVERSEAS PURCHASING/WIRE TRANSFERS



We recently started purchasing some material overseas. We pay for this
by electronic transfers out of the bank account. Being that a purchase
order was cut in the system, and a packing slip entered when we receive
the material; the packing slip just sits out there waiting for an
invoice. Any suggestion on how to handle this? One suggestion was to
enter a $o.oo invoice to apply to the packing slip. However, that would
not take the $$ total of the original PO out of the clearing account
would it?

I am looking for the cleanest way to handle this...any suggestions would
be much appreciated.

Thanks in advance!

Michelle Von Bokern

Office Manager

Advance Engineering Co.

PH: 630-628-3445

FAX: 630-628-3449

mvonbokern@advengco <mailto:mvonbokern%40advengcorp.net> rp.net
<mailto:mvonbokern@advengco <mailto:mvonbokern%40advengcorp.net> rp.net>

[Non-text portions of this message have been removed]





[Non-text portions of this message have been removed]