Create the conversion action in Google Ads
In Google Ads go to Goals → Conversions → Summary → New conversion action → Website. Pick Set up with Google Tag Manager. Choose Purchase as the category, set value to Use different values for each conversion, count to Every, click-through window 30d, view-through 1d. Hit Create and continue.
On the next screen Google gives you a Conversion ID (like AW-123456789) and a Conversion Label. Keep that tab open.