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Invoice Processing in Accounts Payable Get Paid Faster Its Surprisingly Simple
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Video Source: www.youtube.com/watch?v=EawD4kxqSiM
Accounting 101 on the Accounts Payable Process: Received Not Invoiced or Invoiced Not Received addresses to common #invoice problems encountered by #accountspayable and #accounting professionals everywhere. The issues of ‘Received Not Invoiced’ refers to those goods which have been received but the company has not been invoiced. The ‘Invoiced Not Received’ issue is the direct opposite. In that case an invoice has been received but there is no indication that the goods on that invoice have been received. • PO Received but NOT invoiced or purchase order received but not invoiced are also problems. • Remember the accounts payable process includes both invoice processing and payment processing. • Standard invoice processing and payment processing addresses these common issues. This video provides guidance to accounting groups experiencing these issues. It identifies invoice problems and solutions so that companies can deal with a variety of related issues including vendor invoicing tricks. • The invoice processing problems and solutions shared in this broadcast work in manual invoice processing situation as well as those who have an accounts payable automation process. It looks at invoice receipt vs goods receipt, and vice versa. The supplier invoice process can sometimes create the problems discussed. • Watch Lousy Invoice Practices • • 10 Lousy Invoice Practices [Accounts ... • The problem of ‘Received Not Invoiced’ focuses on situations when goods which have been received but the company has not been invoiced. The ‘Invoiced Not Received’ headache is the direct opposite. In that case an invoice has been received but there is no indication that the goods on that invoice have been received. In this case, it could be fraud, or the invoice could have been lost in the mail or amazingly, the vendor could have forgotten to invoice. • Learn more about AP Now at www.ap-now.com
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