0
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Professor
BeauAdd your answer:
Earn +20 pts
What is a two way match in accounting?
2way = invoice qnty = po qnty
What is the difference between purchase order and invoice?
Purchase order (PO): is a legal document "Contract" issued by the buyer to the supplier, indicating specifications, quantities, shipping date & mode, prices and agreed terms and conditions.Invoice: is a document issued by a supplier to a customer. It identifies both parties and, it shows the description, quantities, prices shipment date & mode and the payment terms of the items sold. It serves as a demand for payment if it issued after the PO legalized or it may be just a pro-forma invoice.
What is 3-Way Invoice matching?
3 way matching will match an invoice with an PO on header and line level. We also can match on transport costs, due dates etc. Intellmens BV +31 546 804080
What is full cycle accounts payable?
* Audit invoices for approvals * Compare invoice with receiving document and PO for discrepancies * Voucher invoices for payment through AP System * Check runs * Monthly, Quarterly, and Annual accruals. * 1099's
What does cut a PO mean?
PO stands for purchase order
