Which Inventory Control concepts apply to Purchase Order?

Before you use the Purchase Order application, become familiar with the Inventory Control concepts in the table below. These concepts are used often throughout Purchase Order processing. For more detailed information about each of the concepts, see the Inventory Control User Guide.

Item Group	A group of items used by one or more companies.
Item Comments	Comments about an item that print on reports.
IC Company	The IC company defines the rules for inventory processing operations.
Company Dates	Dates that define when a processing period ends and transactions must be sent to General Ledger.
Inventory Location	A physical place where you store inventory. Some examples are as follows: a region, city, building, floor, or accounting unit.
Purchasing Classes	Criteria that limits the purchasing power of a buyer and identifies the items that can be ordered from the Requisitions application.
General Ledger Category	A subset, or subcategory, of the General Ledger chart of accounts. It identifies accounts (such as an inventory account or offset account) for information about inventory transactions.

Before you use the Purchase Order application, become familiar with the Invoice Matching concepts in the table below. These concepts are used often throughout Purchase Order processing. For more detailed information about each of the concepts, see the Invoice Matching User Guide.

MA Company	The MA company defines the rules for invoice matching operations.
PO Receipt Accrual Account	A temporary holding account to track the amount of stock that has been received but not yet paid for.
Receipt Write Off	An account that you use to write off old receipts that cannot be matched.
Vendor Claims	A default process that defines how your company typically handles vendor returns.