Approving an invoice for payment, Accounting Basics

Assignment Help:

What steps would you take before approving an invoice for payment?

Ans) Following steps should be taken..


? Certify the invoice once it is matched for checking any holds..

? If workflow is executed, initiate approval for the invoice. Once the invoice is accepted/Approval not needed (status in case WF is not executed) you can go for payments.

? Make accounting after approval of invoice..

Finally for payments you  require to format, build.

 


Related Discussions:- Approving an invoice for payment

What is inventory obsolescence, Q. What is Inventory obsolescence? Inve...

Q. What is Inventory obsolescence? Inventory obsolescence -- inventory no longer salable. Possibly there is too much on hand,possible it is out of fashion. True value of the in

Principal x Rate x Time, 10,000 dollar loan at a Maturity of 3 months, an 8...

10,000 dollar loan at a Maturity of 3 months, an 8% interest rate

What is goodwill?, Goodwill is an intangible asset of a organization which ...

Goodwill is an intangible asset of a organization which contains company reputation, fame etc., By goodwill company share value may enhances

Difference between debenture holders and creditors?, Debenture holder are t...

Debenture holder are those who gives long term loan at specific interest rate in term of cas. Creditor gives only short term credit in term of cash for purchasing of goods.

Common deductions from gross sales, Q. Common deductions from gross sales? ...

Q. Common deductions from gross sales? Generally sales are for cash or on account when a sale is for cash the debit is to Cash and the credit is to Sales. While a sale is on ac

Inventory, HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL100 w...

HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL100 words accepted#

Costs within the banking industry, There are over 5,000 banks in the United...

There are over 5,000 banks in the United States-more than 10 times the number per person than in other industrialized countries. A recent study suggests that the long-run average c

A baker makes 500 cream-filled eclairs at a cost of $0.72 e, A baker makes ...

A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar

Regular bonds at the time of issuance, Flying High Inc. plans to raise $5,0...

Flying High Inc. plans to raise $5,000,000 external financing through issuing bonds, and is considering two options: regular bonds and zero couple bonds.  The regular bonds will ha

Using 2012 as the base year, Using 2012 as the base year, prepare a trend a...

Using 2012 as the base year, prepare a trend anslysis for the data that follow, and tell whether the results suggest a favorable or unfavorable trend.(round to one decimal place.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd