Posts

Showing posts from July, 2014

Internal requisition and purchase requisition

Internal requisition and purchase requisition Internal Requisitions are created if the Items are to be obtained from one Inventory location to another location within the same organization. Here the source of the requisition would be INVENTORY . There is no approval process for internal requisition. Internal requisition eventually gets converted into an internal sales order. When you want to buy an item from a supplier you create a PURCHASE REQUISITION which gets converted to a Purchase Order. Here the source of the requisition would be SUPPLIERS . The purchase requisitions are sent for approvals.

Glad you came here

It is part of my attempts to write about tax topics in general. Scribbling notes on topics I work on. Crossed 12K hits. Glad to know it's helping others as well. I seek your feedback. Raise your opinion. Share with people who can benefit from it. Contribute in the comments section, on social media, over a cup of coffee, or however you prefer. This will help me and the community tremendously.