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purchase

Former Member
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which will be purchase date we are considering.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Dear,

As per my view, You consoder three date for purchase

Purchase order creation date,

Delivery date,

Good receipt date

But as per my view actual purchase is when you receipt good at your plant.

Because if you create purchase order, then it is possibel your purchase is cancel or you have change the material or vendor.

So please consider good receipt date as purchase date.

Which you can see MIGO - Display - Doc info, here you can see created by and created on or posting date.

Regards,

Mahesh Wagh

Former Member
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Goods receipt date

Answers (1)

Answers (1)

Former Member
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Dear,

Its vary from business to business.

In gernal terms the date on which the procurement request fulfilled (Goods receipt / Satisfied Service acceptance etc) treated as Purchase date.

In a business scenario material ordered and goods received physically inside plant. Once received in plant they will not consider the material received and this is the purchasing date. Once the material received the supplier sent their personnel to do some fixing in plant. Once successfully fixed and the items are operational, then they treat as purchase date. For example - IT equipments, Huge machinery installations etc.

In some cases you can accept the quality acceptance date as accepted purchase date.

Regards,

Syed Hussain.