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A sales order is a document that a supplier provides to a buyer in exchange for a purchase order placed by a buyer. The sales order contains the buyer's billing details, delivery details, products, quantities, prices, taxes, discounts, payment terms, payment details, shipping costs, and other notices if any. Once the sales order is approved by the buyer, the goods are shipped by the supplier. There are several states of a customer's order: order, partial, completed
In the inventory report, you can also get information about the value of the current inventory based on the purchase price and its value based on the sale price. Check out the screenshot below for the stock report.
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