Steps to set up Procure-to-pay in NetSuite

Before starting Procure-to-Pay, we need to create a Vendor and Item.

Step 1: Create a Vendor

The remaining fields contain information about the Vendor.

Step 2: Create an Item based on Inventory and Non-inventory

The remaining fields contain information about the item.

Step 2.1 — Select Vendor in the Item form

If you select Vendor in the item form, the vendor name will be displayed automatically in the vendor field whenever you choose an item in requisition.

Step 3 — Create a Requisition with a vendor and item

What is a Requisition?

In procurement, a Requisition is a request for goods or services made by an employee to the person or department in a company that is responsible for purchasing.

The remaining contain information about the Requisition.

Step 3.1 — Submit the Requisition

After submitting the Requisition, the Requisition order will be pending.

Step 3.2 — Create an Order Requisition

An order requisition needs to be created for the particular requisition.

Step 3.3 — Once submitted, the purchase order will be processed

Click OK. The status will change from Not Started to Started.

Step 4 — Purchase Order

The purchase order will be created automatically based on the Requisition.

Click Edit on the purchase order to automatically populate the field with information.

The purchase order will be waiting for pending receipt.

Step 5 — Create Receipt for the Purchase Order

Step 6 — Create Invoice for a particular order

Step 7 — Make payment for a particular Invoice

If submitted, the payment will be processed to a particular vendor.

Step 8 — GL IMPACT

What is GL?

GL is short for General Ledger. It provides highly automated financial processing and maintains accounting.

The status of the process will be received in GL Impact.

Next Steps

Now you can set up Procure-to-pay in NetSuite ERP.

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