Supplier Invoicing
The Accounts Payable department records amounts owed to vendors and processes and prints payments for those amounts. Often, an Accounts Payable department uses supplier invoices to document internal approval and help ensure the accuracy of invoices it receives.
A supplier invoice is a document in the system based on the invoice from the supplier. When approved, the supplier invoice authorizes payment to the supplier.
The Accounts Payable department uses the Supplier Invoice function (28.1.1) to create, view, modify, and delete supplier invoices and credit notes and:
• Create initial invoices to enter supplier documents immediately into the system.
• Match current invoices against original purchase order receipts.
• Prepare invoices for allocation and allocate the invoice.
• Approve invoices.
• Place invoices on payment hold or release invoices for payment that are currently on hold.
• Reverse incorrect invoices and their postings, and optionally replace these with new invoices.
