Quote Purchase Agreement

A Quote Purchase Agreement is a type of Offer Agreement that is integrated with Purchase Agreements, pricing, and estimated costs tools. It can be used as a preliminary draft for a Receipt Agreement, which can then be converted to a purchase invoice.

Process Flow

The process flow of quote purchase agreements goes as follows:

Creating a Quote Purchase Agreement

There are two ways to create a Quote Purchase Agreement. One can either create a new agreement from the Quote Purchase Agreement list or by copying an existing agreement.

Fill out Quote Purchase Agreement

The first step of the process would be to fill out the Quote Purchase Agreement Header. The Header contains information on the vendor, shipping terms and other information. Other sub-sections are optional to fill out and depend on the needs of each user. The following step is to fill out the Quote Purchase Agreement Lines.

Creating Receipts

The user can create a single Receipt Agreement or leave as is. The final step is to change the status of the Quote Purchase Agreement.