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

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

Correct Answer

Following steps should be taken >Validate the invoice once it is matched for checking any holds >If workflow is implemented , Initiate approval for the invoice Once the invoice is approved/Approrval not required(status in case WF is not implemented) you can go for payments >Create accounting after approval of invoice Finally for payments you need to format, build ------------------------------------------------------------------------------- Before making payment the following steps should be taken 1 invoice amt, date, qty, quy, 2 invoice duplication or not 3 rectification of any Errors in invoice ------------------------------------------------------------------------------ Before hand over the invoice or dispatch the materials 1we have to receive perchase order from the customer 2Then PDC cheque, cash or current dated chq for dispatch the materials 3have to take signature from the customer for the proof of goods recieve ------------------------------------------------------------------------------- We must check the invoice thoroughly (1) Date of Invoice (2)Qty,Rate,Tax Levid

More questions

1. How would you automatically transfer your visitors to a new web page?

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Correct Answer: - You can do it with the help of meta tag mentioned below:

<META HTTP-EQUIV="Refresh" CONTENT="2"; URL="https://wwwyoursitecom">

Place this tag between <HEAD></HEAD> - It will load yousitecom in 2 seconds

3. Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :
Options
A. Mutual Fund
B. Income Tax
C. Stock Exchange
D. Banking

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