What items of information do you need before you can approve an invoice for payment?
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Editorial / Best AnswerAnswered by: RAVINDRA
The following are the important steps one should take before approving the payment. 1. Refer the Purchase Order issued. 2. Refer the Goods Received Note (GRN) for having received goods / service as mentioned in the P.O 3. Refer the terms and conditions for making the payment ( any credit period) 4. check the bank balance before approve the invoice for payment. Showing Answers 1 - 13 of 13 Answers
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What is the essential information you need before you can pay an invoice?your business name, address and contact information. the business name and address of the customer you're invoicing. a clear description of what you're charging for. the date you provided the goods or services (which is also known as the supply date)
How is an invoice approved for payment?Invoice approval is the process of reviewing and approving supplier invoices before the payment is processed. Typically, the invoice approval process begins once the buyer receives (through email, post, etc.)
Which information should be included into invoice?What should be included in an invoice?. 1. ' Invoice' ... . A unique invoice number. ... . Your company name and address. ... . The company name and address of the customer. ... . A description of the goods/services. ... . The date of supply. ... . The date of the invoice. ... . The amount of the individual goods or services to be paid.. |