Content Comparison

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• Create one Purchase Order per Floor Plan Unit

  • PO Setup:

    • The "buy from vendor" is set as the factory (where the unit is coming from).

    • The "pay to vendor" is set as the floor plan company (the financing company that owns the unit temporarily).

    • Check Is Floor PO boxPlan Vendor box

    • Add Default Payable GL Account

• Create an Invoice when the PO is received: after receiving the unit, an invoice is created and issued to the floor plan company.

• Payables to hit a separate GL Account called Floor Plan Payables to make it easier to track floor plan payables independently from other outstanding payables.

• Payment to the floor plan company is only made after the unit is sold.

• Serial numbers need to appear on both the PO and Invoice.

• Bulk Invoice selection: mass select invoices from a report or upload

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• Set Up GL Accounts:

  • Regular Payables: Existing AP account: 2000-Accounts Payable

  • Floor Plan Payables: Create a new GL account: 2001-Floor Plan Payables

    • Is IntercompanyFloor Plan Vendor: Checked

• Create a Test Vendor:

  • Name: "Factory Vendor" (Supplier of units)

  • Type: Vendor

  • Is IntercompanyFloor Plan Vendor: Checked

  • Default Payable GL Account: 2001-Floor Plan Payables

• Create a Floor Plan Financing Company:

  • Name: "Floor Plan Company" (Financing entity)

  • Type: Vendor

• Create a Product/Unit:

  • Name: "Test Unit A"

  • Item Type: Inventory Item

  • Serial Tracked: Enabled

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1. Go to Purchase Order in sandbox.

2. Create New PO:

   • Vendor: Factory Vendor (buy from)

   • Pay To: Floor Plan Company

   • Floor PO: Checked

   • Product: Test Unit A

   • Quantity: 1Floor PO: Checked

3. Save the PO.

Step 3: Receive the PO and Generate an Invoice

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