If you receive merchandise but a purchase order was not typed in when the order was placed, you can record the receipt of the items with this procedure.
This procedure can also be used to enter existing inventory for first-time inventory entry. In this case, you can treat each set of inventory items from a particular vendor as the items on a dummy invoice.
An invoice number must be entered for each invoice. If a valid invoice number is not available for existing inventory, type a few letters and numbers that will be meaningful to you at a later time, such as the vendor code plus the date.
If the merchandise received is on memo, you can still use this procedure, but be sure that when you type in the invoice number, make sure it starts with the letters MEM.