Requisition Quick Tips - Did You Know?
I have 2 PeopleSoft Purchase Requisition quick tips for you today!
Did you know:
1) You can enter negative values on Requisition product lines
Example A: You've received a credit note for a product or service provided to your department, and there's no PO in existence the credit note could be applied to
- Create a Requisition describing the credit note in the description field, then assign the unit price as a negative value (whatever the credit note value is before tax) - ie. -5,000.
Example B: A supplier has offered you a discount (educational, bulk ordering, etc.) on a product or service quotation for your department.
- Create a Requisition, adding in the product lines for the items you wish to order, then create a product line for the discount you've been offered. Assign the discount value in the unit price field of that line, placing a - sign infront of the value. - ie. -250.
2) You can create $0 Requisitions
Example: Your department has been offered a demo product, at a cost of $0 but a Purchase Order is still required to act as the "contract" to acquire the demo item.
- Create a Requisition describing the demo product details in the description field, then assign a value of 0 in the unit price field.
In all scenarios mentioned above you still need to assign account information to your Requisition - the order just won't save without it.
There's a lot we can do with this system! Who said PeopleSoft Purchasing was boring? :)
