You can integrate Accounts Payable (ACP) with Purchasing. ACP requires more detailed information in the Vendor file than Purchasing requires. Accounts Payable automatically checks for a valid purchase order when you
match invoices to POs and receipts. Enter any outstanding active purchase orders through PO Release, PUR500, before you can match invoices in Accounts Payable.
Accounts Payable can also update the Actual Cost fields in the Inventory Master file directly from vendor invoices. You must provide the following information in order for Accounts Payable to complete this update:
â–Ş Define a type C inventory transaction.
â–Ş Enter a valid purchase order on the Invoice Entry header screen, ACP500D2-01, or in the Next Purchase Order field on the Invoice Entry: PO Costing screen, ACP500D3-01.
â–Ş Enter the information for the actual cost transaction on the appropriate lines.