How to cancel a Purchase Order in RetailEasy on-cloud?
If there arises a situation when you are not going to receive the stock or you don't
require the stock anymore you can cancel the Purchase Order. Purchase Order cannot
be canceled from the retailer's side if payment has been made for the
Purchase Invoice and if the goods have already been received.
Limitation: Once the Purchase Order is canceled it cannot be retrieved.
Benefits
Once it is confirmed from the supplier's side that you are not going to receive the stocks against the Purchase Order by canceling it you can come out of the legal commitment
When you don't need the items due to sufficient stock or the demand for the items drops you can cancel before the Purchase Invoice is prepared or when the vendor has not supplied the items
This feature helps optimum stock maintenance and go to alternate vendors when you don't receive stock on time
You can update the status which will help you to keep the Purchase Order from future or cancel it permanently
RetailEasy on-cloud allows you to cancel the Purchase Order permanently or to use it later when you don't require the items in the near future.
1. Click on Purchase --> More --> PO Cancel
2. Select the location and you can able to see the PO list, Click on edit in which require to cancel.
3. The Purchase Order is displayed with the status 'Pending ' or 'Cancel'. Select 'Pending' to save the Purchase Order for the future or 'Cancel' to remove the item from
Purchase Order.
To verify PO Cancel
Goto Reports --> Purchase --> Pending/Canceled Transactions --> Purchase Order Cancel
Purchase Order as a whole can be deleted by marking status as Cancel for all items.
Hope you understood how to cancel PO items and Purchase Order as a whole.
Also, you must have got a clear understanding of how to cancel a Purchase order permanently or cancel temporarily and save it for the future.
Related Articles
How to cancel a Sales Quotation in RetailEasy On Cloud
A Sales Quotation in POS may be cancelled if the customer does not confirm the purchase, requests major changes in items/quantities, price negotiations fail, or the quotation validity period expires. Steps to cancel a Sales Quotation - After clicking ...What is Sales Order in RetailEasy on-cloud?
Sales Order Purpose - A Sales Order is an entry sent to your customers confirming the items and prices of a sale. A sales order is usually created after a quotation is accepted by your customers and your items are ready to be shipped or delivered to ...How to View, Edit or Delete an item from Purchase Order in RetailEasy on-cloud?
A Purchase Order is raised to a supplier by the retailer when stock items reach minimum quantity or when there is a stock out. Status of the Purchase Order. can be viewed once saved. Quantity of items and price can be edited or an item can be ...How to Cancel a Sales Quotation in ReatilEasy on-cloud?
Sales Quotations are created to provide a prospect with an estimate of his purchase. They can often be created at one point in time but printed later based on the customer's requirements. RetailEasy on-cloud has the feature to cancel the Sales ...Purchase order cancel
How to Cancel the pending Purchase Order (PO) Item wise OR Whole Purpose - The PO Cancel screen helps you cancel one or more items in a PO or the PO itself, when you are sure that you will not receive stocks against the PO. Note: Once you cancel a PO ...