What is evaluated receipt settlement, Accounting Basics

ERS is a business process among trading partners that conduct commerce without invoices. In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN) and the purchaser upon receipt confirms the existence of a corresponding purchase order or contract verifies the identity and amount of the goods and then gives the supplier.

 

Posted Date: 3/30/2013 5:52:08 AM | Location : United States







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