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Is it always best to have invoices signed for approval after processing a payment?
Wiki User
∙ 11y ago
Getting an invoice signed for approval after processing payment is essential. The approval authority should sign the invoice after payment processing to actually affirm the correctness of all figures. This reduces the tendencies of double payment processing and wrong payment.
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It is always to have invoices signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
Is always best to have invoices signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
Is it always best to have invoice signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
What are credit card processing fees?
Each time a merchant processes a credit card transaction they will be charged a fee by the Payment Processing company. These fees are almost always a percentage of the sales and can range from a little less then 1% to as high as 6% depending on the type of credit card the customer presents for payment, the volume of sales the merchant uses and the contract they have signed with the payment processing company. Additionally, there may also be a flat fee charged for each transaction as well plus the percentage of the sale, but in this case the percentage is usually much smaller. Many merchants do not accept certain credit cards because they simply can not afford the high processing rates. For example Gas Stations may only have a profit margin on selling fuel of 3%-5% so if there American Express processing fee is $0.50 + 4.2% of the sale, they are actually losing money when you pay for a tank of gas with an American Express. Everyone also needs to understand that all of the so called "Premium" cards that offer the consumer rewards, points or rebates when using their cards have a much higher processing rate associated with them. You didn't think your bank was actually paying for any of this did you?
There is a chance of a duplicate payment to a vendor whenever using a rush or manual check method of payment.?
While there is always a chance of a duplicate payment being made to a vendor, it is more likely to occur when rushing. Slow down and take time to do it right. It is also more likely when manual checks are written.Other common causes for duplicate payments include:Duplicate entries in vendor fileControl Violationso Inexperienced temporary staff make simple errorso New staff lacks a clear understanding of controlso No purchase order and/or payment approval process in placeo Check requests submitted before receiving an invoiceHuman Errorso High volume of invoices with not enough staff causes lack of attention to detailo Transpositions and mistakes such as keying a zero as the letter OMultiple Submissions of Invoiceso Caused by delay in paymento Vendor issues duplicate invoice by mistakeo Fraudulent activity where duplicates are made to look like an accidentDifferent Invoice Payment Methodso P-Cards are used to pay previously paid invoiceso Paying different invoice versions - original, email, fax, scanned, printedo Vendors initiating new methods of invoicing -- automatic, email, portals
It is always best to have invoices signed for approval after processing for payment?
True
It is always to have invoices signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
It is always best to have invoices signed for approval after processing for payment.?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
Is it always best to have invoices signed for approval after processing for payment.?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
Is it best to always have invoices signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
Is always best to have invoices signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
Is it always best to have invoice signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
What is payment process?
They are companies that deal with all types of global payment processing.
Can you receive life insurance payment if your in prison?
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
When he says something funny he always look at me?
If he always looks at you when he says something funny, he is seeking your approval or acknowledgment.
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