Vendor Account Reconciliation

What is Vendor Account Reconciliation?

Questions by nuruddins

Showing Answers 1 - 10 of 10 Answers


  • Mar 3rd, 2010

Also known as Supplier or Creditor Reconciliation - balancing a suppliers/vendors statement against your cash book/GL for all payment/invoices paid. Difference of which will result in either unpaid invoices, due credit notes, overpayment, interest charged on unpaid a/c's etc.


  • Mar 6th, 2012

Vendor reconciliation means statement showing difference of Company payable to vendor account balance & vendor outstanding balance.Vendor reconciliation refers to finding out the reason of difference (open items) and resolution of the same.

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  • Dec 5th, 2012

Vendor reconciliation is A statement received from vendor which contains details of invoices of that vendor for a perticular period, vendor wants to confirm that these invoices has been paid or not, the balance vendor has open for this invoices shoudl match the payment made to that vendor.

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Ashok kumar

  • Jan 3rd, 2013

Vendor reconciliation statement means a valid balancing to vendor invoice statement to company General Ledger statement for a particular period. If any difference occurs it means that should be unpaid invoice payment or over payment or interest on late payment etc.

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sher singh

  • Jun 30th, 2015

Vendor account reconciliation is out standing of suppliers or sundry creditors.

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  • Aug 4th, 2015

Vendor account reconciliation what is the amount of vendor in our books. vendor account and our account much be tally that like this payment, invoice, debit note , credit not , closing or opening balance.

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Ajay Sachdev

  • Jun 2nd, 2016

I need vendor reconciliation format in excel

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Navdeep Rana

  • Jul 12th, 2016

Vendor reconciliation is a statement where we find out difference between vendor account and our account

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  • Sep 16th, 2016

To understand the creditors aaccounts as well as in debtors account

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  • Sep 23rd, 2016

Vendor a/c reconciliation is done to our creditor, it can be monthly, quarterly, half or yearly or SOS . This is done to determine how amt is payable to creditor (current liability)

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