The bills you receive matter as much as the ones you raise: they bring the stock in and they decide what you owe.
Sales get recorded because a customer is waiting. Purchases arrive as a pile of other people’s formatting and get entered when there is time, which means stock is short of the shelf and payables are guesswork for most of the month.
A purchase bill here does the mirror of a sale: stock comes in at the quantities received, the supplier’s balance rises by what the bill says, and the tax is recorded for the return. The party page then shows both sides of a relationship where you buy and sell to the same business.
The same party list your sales use.
By hand, or scanned off the bill they sent.
Stock comes in and the balance moves.
Recorded against the bill, from the account it left.
The bill itself — how it is raised, what it looks like when it reaches the customer, and what it tells you afterwards. A bill here is the same document whether it is typed on a phone at a counter or on a desktop in an office, and it carries your numbering, your logo and your terms.
This is the first thing most businesses use and the last thing they stop using: a bill starts the stock movement, the ledger entry and the tax record all at once.
What came before the bill and what it becomes.
Purchase day book · Stock summary · Party-wise outstanding · GST purchase with HSN
Every feature, by plan →Yes. A business you both buy from and sell to is one party, with both sides on the same ledger.
Not necessarily — a supplier’s bill can be photographed or uploaded and its lines read off it for you to check.
Yes, at the quantities on the bill.
Stock short of the shelf usually means a pile of purchase bills that have not been entered.
