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Purchase Orders - Change Requests and Payment terms

edited Oct 22, 2021 7:21PM in Accounting / ERP 8 comments

Again the opposite of a sales order - we need to track adjustments to an existing purchase order.

So a PO has 10 lines that totals 1M

We have decided to increase the PO to 1.2M - there does not seem to be any version control in purchase orders and was wondering what others do in this respect?

Of course it is worse when we decide to reduce the dollars and we have paid a deposit upfront. This is complicated by the fact we have terms like 15% on issuance, 15% upon upon shipping and balance paid in full before goods are released at port. Now we have no clue what the dates will be these amounts and better yet there is multiple shipping events as the product ordered comes in multiple containers...

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