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- Contracting setup : Procurements
Use Fuel consumption-Fuel consumption is used to track the fuel consumed for each asset. Once we enable this we will have one entry form to record the fuel consumption for assets in project costing module.
Use supplier rating- It works based on each purchase order, Criteria can be created by entity, it can be quality, delivery time or payment terms. Based on overall purchase per supplier, average rates are calculated.
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Tendering functionality-It is when procurement requisition is generated, user will have an option to raise RFQ (Request for quotation) to supplier, based on that comparison can be made, further purchase order can be created. Refer the hyperlink for more detailed understanding, Requisition- RFQ
Use Stock GL transaction- Use Stock GL transaction is used to create financial entry based on the GRN which allows the user to consume goods even if they dont have the invoice.
There is one default GL account in company master for unbilled purchase.
At the time of GRN following entry will be created
Dr Goods
Cr Unbilled purchase
Then when we record the invoice
Dr Unbilled purchase
Cr Trade Payables
Supplier Price type (by default for projects GL)- It is used to fill the prices in the project estimate based on the project price list
Proforma Invoice received estimation- By amount/ by Quantity. By amount, system will take % of
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