Receipt

Q. What is best practice on creating receipts for goods? Recently we have had an uptick in… Read More

These comments were compiled from an online discussion conducted by IOFM with the Advisory Panel on April 8, 2020. Lynn Tate, APM, Accounts Payable and Expense Report Analyst, Urban Science… Read More

Q. When AP receives an invoice and it's not received, should Purchasing follow up with receiving… Read More

By Pam Miller, APMD The absence of an “R” (for receiving) in the term "procure-to-pay" (P2P), symbolizes the state of receiving in many organizations. While receiving is a function that has… Read More

Q. (cont.) ... in order for AP to pull down their invoices. Do they participate? Or just continue

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Q. (cont.) What is considered acceptable when a BOL or packing slip is not provided? A.

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Q. (cont.) Does anyone have a goods/services receiving policy they can share? We would love to see

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Inaccuracy in the areas of receiving and supplier return processing has a real impact on AP efficiency and on timely payment processing. “Each match failure costs four to six times what it costs to

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Generally, the variance measures the standard cost of an inventory item against the actual cost

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This template is an example of an invoice work flow process for freight invoices. Format Microsoft

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