Accounting


Accounting Forum

AccountingCoach.com is the world's largest free online accounting course.


Not signed in (Sign In)

Categories

Vanilla 1.1.7 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest!
Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.
    • CommentAuthorkbent
    • CommentTimeAug 17th 2009
     
    Just wondering how other companies handle this situation. If a Purchase Order is written, and an invoice is received that does not match the PO. Our company will not allow us to just short pay the invoice to match the PO. Research has to be done and either the vendor has to correct the invoice or if it is in fact a Purchasing error, the PO has to be corrected.

    Given that, who should research the problem, Purchasing or Accounts Payable?
    • CommentAuthormulalam
    • CommentTimeAug 19th 2009
     
    as i worked before in Accounts payable section, what we do, we just inform the purchasing department that our PO is not matching the invoice or invoices......so accordingly purchasing department inform the vendor about the correction.
    • CommentAuthorpk
    • CommentTimeAug 20th 2009
     
    The Accounts Payable Accountant should research the problem and do the following:

    If there is an error in the Invoice, jsut ask the vendor to send you a revised invoice to process the payment.
    If the error is in the PO, then talk to your Purchasing Dept. to issue a Change Order in lieu of the erroneous one.



 

Why AccountingCoach.com?

the accounting coach

AccountingCoach.com is designed to help people without an accounting background easily understand accounting concepts at no cost.


By investing thousands of hours, we have created clear and concise accounting information for both business people and students of all ages.


We understand how difficult accounting can be. That's why we have ensured that each accounting topic includes a clear explanation, reinforcing drills, Q&A, puzzles, dictionary of terms, etc.


Read 1,440 Visitor Testimonials



What's on AccountingCoach.com?