Accounts Payable Question:
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What steps would you take before approving an invoice for payment?

Answers:

Answer #1
Following steps should be taken..

► Validate the invoice once it is matched for checking any holds..

► If workflow is implemented , initiate approval for the invoice. Once the invoice is approved/Approval not required(status in case WF is not implemented) you can go for payments.

► Create accounting after approval of invoice..

Finally for payments u need to format, build.

Answer #2
Steps should be.
1.Match the invoice with p.o
2.Match the invoice quantity with quantity received through seller.
3.Also match the other description of the product with p.o and invoice

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