The Purchase Item page is a list of all the items controlling each line on your disbursements and recoveries. In other words this list relates directly to pay now, pay later and expense recoveries.
This page can be accessed by going to the Accounting and Finance Module and then pressing the down arrow on lists and choosing Disbursement/Recovery Items.
These items should not be changed if created by Wise Owl Legal.
If creating items for the first time, it is recommended that you follow the instructions here carefully and also review a similar item that is already in your Wise Owl System and was created by Wise Owl on setup.
The Purchase Items are split into 3 categories.
Pay Now - When paying a disbursement by cash/card/cheque now
Pay Later - Adds the disbursement into the Accounts Payable for later payment
Expense Recovery (Paid Already) - A purchase that has been paid already and cannot be related to an exact cheque or credit card payment
You can use the parameters section to search for a particular Item if an edit is required.
There is also the option to create new Purchase Items from the blue button on the top and bottom of the page. Help for this can be found here
Note that the terms Disbursement and Outlay are interchangeable.