Comparison of vendor invoices with the Goods Receipt document of the organization.Standard 2-way matching of price and quantity of invoice with that of purchase order.When the AP team receives an invoice from a supplier, an AP team member verifies the following information: In the case of 3-way invoice matching, AP teams ensure that a supplier’s invoice is valid against both a purchase order and a goods receipt. In the case of partial invoices or partial orders, organizations may have serious problems to solve. However, this matching process (without an automated AP solution) besides being time-consuming can leave room for manual errors. The AP team processes and pays the vendors for the invoices without discrepancy. with those listed in the organization’s finance system. This process is time-consuming as it involves the comparison of both documents. The price of each line item on the invoice is less than or equal to the line item values on the purchase order.
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