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Accounts Payable Process: Received Not Invoiced or Invoiced Not Received


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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 whichhave 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 noindication that the goods on that invoice have been received.
Standard invoice processing and payment processing addresses these common issues. Thisvideo 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 manualinvoice processing situation as well as those who have an accounts payable automationprocess. It looks at invoice receipt vs goods receipt, and vice versa. The supplier invoiceprocess can sometimes create the problems discussed.
Watch Lousy Invoice Practiceshttps://youtu.be/_jpo9vb8NYM
The problem of ‘Received Not Invoiced’ focuses on situations when goods which have beenreceived but the company has not been invoiced. The ‘Invoiced Not Received’ headache isthe direct opposite. In that case an invoice has been received but there is no indication thatthe goods on that invoice have been received. In this case, it could be fraud, or the invoicecould have been lost in the mail or amazingly, the vendor could have forgotten to invoice.
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