Reconciliation

Q. Who in your organization owns the process of closing the Accounts Payable transactions to the… Read More

Q. We have three AP specialists who match payments once they are processed. We are looking to… Read More

Q. Should a proof of delivery always be signed manually on a monthly basis or confirmed by email… Read More

Q. How are large organizations handling supplier statement reconciliations? As my transaction… Read More

Q. I am seeking recommendations from the Advisory Panelists on how to resolve the issue of… Read More

We asked the IOFM Advisory Panel to weigh in on what comprises the perfect invoice. Our goal was to come up with a guide for both AP and AR to follow, with the objective of creating a document that… Read More

Q. We receive thousands of credit memos from suppliers every year for PO-related transactions, and… Read More

Q. What is the best practice for validation of credits shown on statements? We’ve had several… Read More

Q. What's the best practice for vendor statement review? A. (Answered by the IOFM Advisory… Read More

Q. Currently our Treasury team creates our bank accounts with the intent to have all activity (AR,… Read More