Account Payables and Supplier Invoices Reconciliation

29 Apr 2021
Date submitted
29 Apr 2021
Resource type
Best practice
File type
Web page Web page
The Supplier submits a list of transactions and the outstanding balance of unpaid invoices for a given period. The Buyer’s Accounts Payable (AP) department, on the other hand, compares those records to the internal AP ledger to identify any differences. Those might be invoices or credit notes on the Supplier statement that are absent in the AP ledger or vice versa. The comparison between the two data sets is made both at transactional and balance check points. Sounds simple, but...
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