Feature Overview

Creating a purchase entry (or purchase voucher) in myBillBook is a crucial step for managing your business purchases effectively. It helps you keep track of vendor transactions, inventory updates, and payment dues, ensuring accurate accounting and streamlined inventory management.

This feature is especially beneficial for small and medium businesses (SMBs) looking for a reliable tool to manage purchase records efficiently while aligning with GST compliance.

Business Benefits

• Improved Organization: Easily manage vendor relationships and purchase records in one place.

• Accuracy: Automatic tax calculations reduce human error.

• Efficiency: Save time with streamlined data entry and reporting.

• GST Compliance: Automatically compute and track taxes for all purchases.

Steps to Create Purchase Voucher

Step 1: Access the Purchase Section

1. Log in to your myBillBook account.

2. On the Dashboard, click on the Purchase option from the navigation menu.

Step 2: Create a New Purchase Entry

1. Inside the Purchase section, select Purchase Invoices.

2. Click on Create New Purchase Entry.

Step 3: Add Purchase Details

1. Add Party: Select the supplier or vendor from your saved contacts or create a new one.

   • Enter relevant details such as GSTIN, contact information, etc., if required.

2. Add Items: Include the products or services being purchased.

   • Specify item name, quantity, price, and applicable taxes.

   • Inventory will be updated automatically once the purchase entry is saved.

Step 4: Include Additional Information (Optional)

1. Click on Add More Details (left side of the screen) to include:

   • Purchase Order Number

   • Terms and Conditions

   • Notes or special remarks

2. Attach supporting documents like bills or receipts if needed.

Step 5: Save the Entry

1. Double-check the entered details.

2. Click on Save to confirm and create the purchase entry

Watch How to Create Purchase Vouchers in myBillBook

FAQs on Purchase Entry Creation in myBillBook