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Invoice purchases for commodity items

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Once you have entered commodity class cost component factors for a new cost period, you can recalculate the lines on purchase documents that fall within the period based on these cost factors. After updating the costs on a commodity purchase order, it is ready to be invoiced.

Steps

  1. In the search box, enter Commodity Purchase Orders, and then choose the related link.

  2. Open the commodity purchase order you want to invoice.

  3. Update the costs on the purchase lines:

    • If you are calculating commodity costs from cost factors, review and if necessary adjust the values in the Commodity Payment Class Code field, then click Actions, point to Functions, and click Calculate.

    • If you are applying a fixed cost to all purchase lines, fill in the Blended Commodity Unit Cost field on the General FastTab.

  4. Post the commodity purchase order.