IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Proof of drop-ship delivery vs. auto-posting corresponding invoices

November 20, 2023
November 20, 2023


Q. A recent audit has resulted in a requirement to obtain signed bill of ladings/shipping documents to substantiate customer invoicing/revenue recognition when suppliers drop ship orders directly to a customer. The documentation has to be easily accessed and ideally attached to transactions in the SAP system. AP is being asked to turn off automation to auto-post invoices that apply to drop ship orders and validate that each PO has a signed bill of lading or shipping document to confirm delivery…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500