Entering purchase orders

["Matt Jackson" <..hidden..>]

I am using Ledger-SMB at the moment to do my last-year inventory, with an eye towards both generating a FIFO COGS report and also for going forward and making my accounting life easier.

With this in mind, I am trying to enter some previous purchases my company has made from suppliers.

I noticed these headings:
Item 	Number 	Description 	Qty 	Recd 	Unit 	OH 	Price 	% 	Extended

• Does "Item" mean 1, 2, 3, 4, etc. on the purchase order?
• Is Number the item number I enter in the "Add Parts" section?
• Does Qty = quantity ordered?
• How do I use Recd? Once I have "received" the items, to verify they were received?
• What is Unit?
• What is OH?
• What are the Price, % and Extended fields for?

Best,
Matt