by Tim Dodge | Jul 28, 2023 | Accounts Payable
Payment of Bills The process of identifying what Bills to pay can be a daunting task. SimpleManufacturing™ simplifies this process by offering various accounts payable reports and three payment methods. Furthermore, SimpleManufacturing™ includes standard payment...
by Tim Dodge | Jul 13, 2023 | Accounts Payable
What is an Account Payabale, specifically a Bill in SimpleManufacturing™? A Bill is a statement of charges, typically from a supplier. An unpaid Bill is considered an Account Payable as it is a liability to the business. Purpose of a Bill? A Bill is used to identify a...
by Tim Dodge | Jun 7, 2023 | Accounting
What is Purchase Price Variance? Purchase Price Variance (PPV) is the difference between the Unit Price paid for a specific item within a purchase order line item and the “Standard Cost” of that item. An Item “Standard Cost” is typically...
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