krsstone

 Profile Answers by krsstone 

• Nov 3rd, 2009

 

Purchase order requisition number

chinnaguntupalli

 Profile Answers by chinnaguntupalli 

• Nov 6th, 2009

 

Payment terms of the invoice
Whether posting in ERP is matching with Invoice copy or not
Will approve only hold free Invoices
if it is a Non-PO based, will check whether approver has authority approve invoice total or not
If request recieved to make payment via ACH/BACS/EFT, need to check whether bank details are available or not
If payment requested via manual payment, need to verify whether Manual payment request is duly approved from authorised signatory and has AP supervisor approval.
If the payment request received for foreign vendor who is not reciding in European region, need to have SWIFT details. if vendor is from European region should have IBAN number.

If all the conditions mentioned above are met then it is good to release the payment.

c7831887

 Profile Answers by c7831887 

• Nov 22nd, 2009

 

We have to check the following:-

1.  Whether the Purchase Oder quantity, rate and description matches with the Invoice sent by the seller.
2.  Is there any debit note available against the Invoice,
3.  Whether the MRN (Material Receipt Note) issued by the stores in-charge matches with the Invoice,

if the above things are ok we can prepare payment advice for necessary approval from the Dept. Head.