KBacca
1st December 2010, 17:43
Please forgive me if this is posted in the wrong forum....
I was approached with a question from one of our users today regarding Purchase Orders & Vendor Invoices and performing a "2-way-match" to pay a vendor.
Basically from what I understood from the conversation was that the key is if the PO is "confirmed" or not.
The PO is initially issued to the vendor "Unconfirmed", when the vendor performs their service and the business agrees that the service has been done satisfactorily the PO is moved from "Unconfirmed" to "Confirmed" status.
When this PO is then matched to a vendor invoice, the system will set the invoice up to be paid in the next check run.
If this information is correct?
How is this controlled? Is it by the Purchase Order type?
I was approached with a question from one of our users today regarding Purchase Orders & Vendor Invoices and performing a "2-way-match" to pay a vendor.
Basically from what I understood from the conversation was that the key is if the PO is "confirmed" or not.
The PO is initially issued to the vendor "Unconfirmed", when the vendor performs their service and the business agrees that the service has been done satisfactorily the PO is moved from "Unconfirmed" to "Confirmed" status.
When this PO is then matched to a vendor invoice, the system will set the invoice up to be paid in the next check run.
If this information is correct?
How is this controlled? Is it by the Purchase Order type?