Creating a purchase cost

We create the purchase cost by selecting the "Purchase costs" subsection in the "Purchases" section.

To create a new purchase cost, we need to follow these steps:

* Add vendor - the purchase cost supplier can be any vendor whose currency is the same as the currency of the corresponding purchase cost type

* Add the exchange rate for the currency used by the supplier

* Add a purchase cost item by entering the purchase cost type in the "Purchase cost name" field. We can enter one or more items. We can also optionally enter a description of the purchase cost item.

After following all these steps, we have created a purchase cost document and it is in the "Unprocessed" status, we need to transfer the purchase cost to the "Placed" status.