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Order and Invoice Transactions Overview

Compeat provides complete support for order and invoice processing.

An invoice is any bill received by a business, usually for filling an order. Some invoices you receive are paid with a check immediately upon receipt (process through Manual Checks), while other invoices are processed in a batch for later payment (process through AP Invoices).

Payment Transaction Overview

Bills paid either through the Manual Checks screen or through AP Invoices processing are termed vouchers and are given voucher numbers that uniquely identify them.

At times you might receive a statement from a vendor that reduces the amount of a previously received invoice from that vendor; this is termed a credit memo.

Note: Throughout this documentation, we will refer to invoices; this can be understood to mean invoices or credit memos.

This section describes the various steps involved in processing orders and invoices; this includes the following:

• Orders

• AP Invoices

• Recurring AP Invoices

• Quick Checks

• Manual Checks

• Manual Payments

Note: Compeat assigns unique identifiers to identify, group, and track transactions that will affect the General Ledger. Each system-assigned identifier has a standard prefix; see Batch Codes and Journal Control Numbers for a complete list of them.