Approving an invoice for payment, Accounting Basics

Assignment Help:

What steps would you take before approving an invoice for payment?

Ans) Following steps should be taken..

? Certify the invoice once it is matched for checking any holds..

? If workflow is executed, initiate approval for the invoice. Once the invoice is accepted/Approval not needed (status in case WF is not executed) you can go for payments.

? Make accounting after approval of invoice..

Finally for payments you require to format, build.

Related Discussions:- Approving an invoice for payment

What are fixed asset, Fixed asset are assets which provides the business fu...

Fixed asset are assets which provides the business future benefit Fixed assets are those which are tangible in nature and is not meant for sale in the near future and from whi

Cash flow information: direct and indirect methods, Cash flow information: ...

Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accou

MRSRAMOS, I AM HAVING DIFFICULTIES SOLVING ONE PARTICULAR ACCOUNTING PROBLE...

I AM HAVING DIFFICULTIES SOLVING ONE PARTICULAR ACCOUNTING PROBLEM

Film and television costs - accounting policies, Q. Film and television cos...

Q. Film and television costs- accounting policies? Film as well as television production and participation costs are expensed based on the ratio of the current period's gross r

Prepare a system flowchart - systems analysis, GILCO rents DVDs and DVD pla...

GILCO rents DVDs and DVD players (players) on a short term basis to airline passengers through GILCO locations at every large commercial airport throughout the world. A passenger

Explain about conservatism, Q. Explain about Conservatism? Conservatism...

Q. Explain about Conservatism? Conservatism The Conservatism means being prudent or cautious and making sure that assets and net income are not overstated. Such overstatements

Hello, Hello, I'm having trouble understanding Direct Cost, Overhead Cost a...

Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for eac

Underlying assumptions or concepts of accounting, Q. Underlying assumptions...

Q. Underlying assumptions or concepts of accounting? The major underlying assumptions or concepts of accounting are (a) business entity (b) going concern (continuity) (c) money

Relevance information to financial reporting, Q. Relevance information to f...

Q. Relevance information to financial reporting? To have relevance information should be pertinent to or affect a decision. The information should make a difference to someone

Income statement, identify the income statement account

identify the income statement account

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages