Purchase Default Values

You can set the Purchase default values such as the default currency, default tax rate, billing & shipping address, and terms & conditions of the purchase.

To add purchase default values

• Click Setup >> Customization >> Purchase Management.
• By default, the page will open on the Default Values tab.
• Specify the Default currency (For example, USD or $). This will be displayed in all the purchase orders (PO) generated and in any place where the money is being used.
• Specify the Default tax rate (%) in the given text field. This will be the tax rate used for calculating the sales tax in all the POs generated. If you wish to have a different tax rate for any specific PO, then enter the new rate while creating that particular PO.
• Specify the Signing authority's name in the given text field.
• If you wish to have tax shipping as a default value, then select the checkbox beside Tax Shipping field.
• Select the Shipping Address to which the PO items will be shipped and the billing address to which the invoice and bill need to be sent from the combo box.
• Select the Cost center department from the combo box.
• Select the Approver(s) name from the list.
• Enter the PO terms & remarks in the given text field.
• Specify the PO# start from the number in the text field.
• Save the settings.