Vendor Account Reconciliation

rish2010

 Profile Answers by rish2010 

• 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.

Kannan

• 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.

khalid

• 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.

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.

sher singh

• Jun 30th, 2015

 

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

VIKRAM SINGH

• 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.

Ajay Sachdev

• Jun 2nd, 2016

 

I need vendor reconciliation format in excel

Navdeep Rana

• Jul 12th, 2016

 

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

Saju

• Sep 16th, 2016

 

To understand the creditors aaccounts as well as in debtors account

PRITI

• 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)