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 Accounts Payable  |  Question 59 of 101    Print  
what documents are required before verifying invoice? what is the process if the supplier passes an invoice for more amount?
for ex: if the value of the goods is say Rs.5000,and the supplier sends the invoice for Rs.6000.


  
Total Answers and Comments: 2 Last Update: May 20, 2008     Asked by: ahamed azgar 
  
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May 07, 2008 05:17:43   #1  
Mary Schaeffer Member Since: May 2008   Contribution: 1    

RE: what documents are required before verifying invoice? what is the process if the supplier passes an invoice for more amount?
The traditional three way match would apply here. This means the accounts payable processor should compare the purchase order with the receiving document and the invoice. If all three match, the invoice can be paid - although may organizations still insist that the invoice be approved. This approval is in addition to the matching process. If the invoice is for a larger amount, it is considered discrepant and the discrepancy must be resolved - the sooner the better.

Mary Schaeffer
author The Controller & CFO's Guide to Accounts Payable (John Wiley & Sons) and twelve other business books
editorial director Accounts Payable Now & Tomorrow (www.ap-now.com)

 
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May 20, 2008 08:04:27   #2  
thiru008 Member Since: May 2008   Contribution: 1    

what type of tds ? and what is service tax ?
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 Related Questions

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Latest Answer : Obtain the original order that was placedCheck the order to ensure that there has been a discrepancyIdentify the discrepancy - are there too many items or not enough?Check the work area to ensure the delivery has not been moved to a different locationAsk ...

Tell us about an invoice dispute that you were involved in and what your role was in resolving the dispute.

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Read Answers (8) | Asked by : ajay

What procedure for excess payment to supplier i would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps
Read Answers (5) | Asked by : bmahathma

Latest Answer : The following are the steps to define Supplier1. Suppliers ---> Entry2. General Tab Give Supplier Name, Alternate name3. Classification Tab Type --> Supplier4. Control Tab Give Invoice Match Options5. Payment Tab Give Terms, paygroup, payment priority6.Receiving ...

After raising GR then raise invoice for partial quantity. eg raised GR for 1000 quantity and raised invoiced for 500 quantity. Now if u want to reverse the GR, u have to reverse the Invoice also. If the payment done for the invoice, u cant reverse it. So how can we handle in this situation.
Read Answers (1) | Asked by : Mallikarjun E.K.

1) developed interface program for invoice upload from external system after validationand error handling by using staging tables for payables open interface import program
View Question | Asked by : md.faizuddin

Diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another name for a real account in accounting? is it a permanent account or a temporary account?...4. what is the payrollsystem5. what is consolidation6. 1) developed interface program for invoice upload from external system after validation and error handling...7. What is difference between automatic Payments Batches and automatic payments8. After raising GR then raise invoice for partial quantity. eg raised
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