Introduction

Receipt is a process during procurement. After creating the purchase order, it is the next document that will be entered in the system. The receipt document is used for receiving the goods into your store. There are two types of receipt process to acquire the goods and services that you request on a purchase order. You must use the formal receiving process if you purchase items to inventory; and you can use either the informal or the formal receipt process when you purchase items or services and update the general ledger. The Two Way Voucher match uses an informal receipt, while the Three-Way Voucher Match uses a formal receipt where you can match the supplier invoice with receipt and the Purchaser Order.