Have you read this and relevant pages?
Extract:-
Workflow
The normal procedure is first a Purchase Order (PO), then a receival note (GRN) and then a Supplier Invoice (menu on right side).
If you do a Direct Supplier Invoice, all these stages will be performed in the background.
If you do a Direct GRN, a PO is done in the background. When the Supplier Invoice is received, you use the Supplier Invoice (menu on right side).
New users are encouraged to setup a training company, to test, verify, etc.
Another variable is what credit terms does the supplier give you?
You can void a PO in Setup -> Void a Transaction
]]>Where in the process does this hit my balance sheet and I/S?
Also how do I un-receive inventory because i put the wrong supplier on the PO and I need to delete the PO and do over?
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