Accounts Payable Process: Received Not Invoiced or Invoiced Not Received

Accounts Payable Process: Received Not Invoiced or Invoiced Not Received addresses to common #invoice problems encountered by #accountspayable and #accounting professionals everywhere. The issues of ‘Received Not Invoiced’ refers to those goods which
have been received but the company has not been invoiced. The ‘Invoiced Not Received’
issue is the direct opposite. In that case an invoice has been received but there is no
indication that the goods on that invoice have been received.

Standard invoice processing and payment processing addresses these common issues. This
video provides guidance to accounting groups experiencing these issues. It identifies invoice problems and solutions so that companies can deal with a variety of related issues including vendor invoicing tricks.

The invoice processing problems and solutions shared in this broadcast work in manual
invoice processing situation as well as those who have an accounts payable automation
process. It looks at invoice receipt vs goods receipt, and vice versa. The supplier invoice
process can sometimes create the problems discussed.

Watch Lousy Invoice Practices
https://youtu.be/_jpo9vb8NYM

The problem of ‘Received Not Invoiced’ focuses on situations when goods which have been
received but the company has not been invoiced. The ‘Invoiced Not Received’ headache is
the direct opposite. In that case an invoice has been received but there is no indication that
the goods on that invoice have been received. In this case, it could be fraud, or the invoice
could have been lost in the mail or amazingly, the vendor could have forgotten to invoice.

Learn more about AP Now at www.ap-now.com