Donna Lewis

• Feb 8th, 2021

Ord # 112-3180029-6582614 Invoice says $54.29 but Shipment Total on Track Package page says $73.47. The discrepancy is the Gift Card Amount that was applied. I just need to know that $54.29 is the amount charged to my card please.

mumbai18

 Profile Answers by mumbai18 Questions by mumbai18

• Apr 14th, 2009

 The vendor has raised double bill against a single purchase order/work order with different dates but with similar bill no , which i traced with the help of tally data.

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vara

• Feb 27th, 2014

When we have received amount from bank that is debit to banker , when we deposited amount in bank that is credit as per bank books.

shabeena

• Jun 21st, 2013

What we are receiving the money it is called as debit...................... what we are paying the amount to bank it is called credit

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Guru

• Jul 24th, 2017

Before making payment need to check the invoice processed and approved by proper DOA correctly, Due date of the invoice if any, invoice currency processed correctly.

Alveretta Thomas

• Jul 15th, 2017

What steps should be taken after verifying the accuracy when paying for purchases?

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Rohit AGARWAL

 Profile Answers by Rohit AGARWAL Questions by Rohit AGARWAL

• Oct 10th, 2010

Yes it is possible. First you have to check whether you have actually received the goods or not in your plant.Then you can make payment.But it is better to have the invoice prior to making payment to avoid any issue later.

indyslon

 Profile Answers by indyslon Questions by indyslon

• Aug 20th, 2010

Yes of course we may pay even without any InvoiceScenario 1 - Where supplier needs some advance money to provide services in future e.g. Organise the conference - in that case we ask supplier to provi...

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pradeepk982

 Profile Answers by pradeepk982 Questions by pradeepk982

• Aug 27th, 2009

A balance Sheet is a ststement of Accets, Liabilities and net worth of an individual or interprises at a given date.

Nitin Jiwane

 Profile Answers by Nitin Jiwane Questions by Nitin Jiwane

• Jun 15th, 2009

Balance sheet is the Statement of Assets and Liabilities it shows the financial position of the company.

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vijay.rathinavel

 Profile Answers by vijay.rathinavel Questions by vijay.rathinavel

• Mar 10th, 2010

Real account includes assets so it is a permanent account and nominal account is temporory account becoz it includes all loss and gain (salary, Rent, insurance etc.,)

Rajeshwari.s

• Apr 3rd, 2007

Their are 2 other names for real account that is property account and asset accountreal account : furniture, building, Plant & machineryPersonal account : o/s wages, bank account, bankoverdraft accountnominal account : Depreciation account, BadDebts account, rent

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for ex: if the value of the goods is say Rs.5000,and the supplier sends the invoice for Rs.6000.

e46fanman

 Profile Answers by e46fanman Questions by e46fanman

• Aug 29th, 2011

Voucher Packet

shaherukh

• Aug 25th, 2011

Raise Debit note

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What is 3 Way Matching?

chandra2001

 Profile Answers by chandra2001 Questions by chandra2001

• Dec 20th, 2010

2, 3 & 4 way matching process followed in PeopleSoft.Two-way matching compares vouchers and purchase orders if the Receiving Required option for the purchase order is Do Not Receive or Optional. Thre...

chinnaguntupalli

 Profile Answers by chinnaguntupalli Questions by chinnaguntupalli

• Sep 13th, 2009

Quantity/Price Ordered should match with Quantity/Price Recieved and Billed is known as Three way match.  If the Quantity received and billed is lesser than Qty Ordered is fine to proceed for payment, it should not cross Qty Ordered in any circumstance.

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Owner of the asset, Feacture Owner of the Particular Asset.

Pintal Chauhan

• Jul 23rd, 2016

Consignor means a person who deliver the goods and services to the customer and Consignee is the person who receive the goods and services from the consignor.

prudhvi

• Nov 7th, 2015

Consignor=Owner
Consginee=Customer

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DHANANJAY KUMAR RAY

• Nov 3rd, 2011

EFT and WIRE are the most popular form of electronic payment method. EFT stands for electronic fund transfer and it is one of the fastest mode of electronic payment after WIRE. EFT is a batch oriented...

e46fanman

 Profile Answers by e46fanman Questions by e46fanman

• Aug 29th, 2011

There are many reasons to transfer funds from entity to entity, but there are really only two methods of transferring these funds. These methods are by either electronic funds transfer, called "EFT" ...

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raghunath.bhat  

 Profile Answers by raghunath.bhat Questions by raghunath.bhat

• Member Since Jul-2008 | Jul 1st, 2008

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Accounts payable process means by checking the payable invoices (purchase) and then send it to payment and lastly settlement of payment.

manohar

• Dec 22nd, 2017

Accounts Payable Means Process Start With Purchasing and End with Payment, Its should be Payment Terms As Per Purchase Order, While Process the Payment only select the Due date of the Invoices and Pro...

Mohammed Hussain

• Oct 3rd, 2017

Account payable process starts with purchasing and end with payments to vendors

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Andy Nguyen

• Jul 28th, 2017

About 750+ a week, 3000+ a month. Not include permits/taps, water, utilities bill, and tons of work like scanning, copy, mail check, and much much more.

Muhammad Abid

• Feb 1st, 2014

What are the steps you go through to check your accounting work before submitting it? Give an example of this?

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senthy

• Oct 11th, 2017

Inter-company Settlement is a process in JDE Finance GL module which we ensure that each company net balance is equal to zero. (Debit=Credit).

xyz

• Oct 11th, 2017

XYZ Ltd US has a payable of $100,000 and has a receivable of $150,000 from XYZ Ltd India, in this case XYZ Ltd US is in a net receivable position of $50,000 from XYZ Ltd India.

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Please explain end to end process of accounts payable. I mean, Invoice processing to Payment.

Praveen

• Oct 11th, 2013

Finding supplier - Raising Purchase Requisition - Creation of Purchase order - Invoice process with(2 way, 3 way & 4 way matching) - payment run for the invoices(which is due to pay) - Cash Team will make the payment.

devi prasad

• Feb 15th, 2012

AP work starts with receiving of invoices from stations, validation of invoices and ends with payment of that invoice.

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If Any amount showing negative figure on the credit side of the trial balance then what does it mean?

sankesh

• May 27th, 2013

It means that there is an error in nominal ledger accounts

srinivas

• Sep 11th, 2012

Trial Balance- It is a statement in which debit and credit balances of all the accounts of the ledger including cash and bank balances (taken from cash book) are shown to test arithmetical accuracy of...

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Vinod kumar Reddy

• Nov 23rd, 2018

Interest on capital is the expense to the company, Company has to pay to the interest on the capital invested by owner.
Accounting Treatment:
interest on Capital a/c DR
To proprietor/Owner a/c
Interest on capital will be charged to P/L on debit side.

amrit

• Oct 4th, 2018

Basically Interest on Capital is an expense for the company. It is noted that the company and the business person both are distinct.

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Answered by: RAVINDRA

• Jan 6th, 2006

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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.

aneel

• Oct 25th, 2015

After receiving Invoice from vendor, the accounts payable department follow the technique i.e three way match
1) Purchase order - What we ordered
2) GRN - What goods or products we received against PO
3) Invoice - What quantity and price mentioned in PO.
these 3 are reconciled by payable dept.

rajujdv

• May 31st, 2007

1. Invoice Qty   = Goods Received Note2. Invoice Price = Purchase Order Price3. Check whether any Credit Note exists against that vendor4. Check the Ship To address for making correct paymen...

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kashik_1973

 Profile Answers by kashik_1973 Questions by kashik_1973

• Apr 2nd, 2009

Diff b/w current account and saving account?
A savings a/c is for people who want to keep the money in the bank. This a/c pays a very small rate of interest to the a/c holder.?Current account is one where you don't get interest while you get interest on your savings in the saving account

sapnajain

 Profile Answers by sapnajain Questions by sapnajain

• May 19th, 2008

sub ledger are the segment of the main ledger for eg:sundry debtors is a main ledger so in sundry debtors we have records of all debtors balances. if we want individual report of anf one debtor we nee...

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Joginder Singh

• Oct 7th, 2016

One way to do this check with vendor if they can give us refund and provide a credit memo. If the supplier agrees for refund and gives credit memo. AP team has to process a credit against expense cod...

vs

• Apr 30th, 2015

Vendor paid excess; so we refunded him back; how to adjust this in books

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What are the sap transaction codes used in accounts payble process and how to pull reports from sap?

Rinitha

• Jun 15th, 2017

FBL1N - Vendor line items
FK03 / XK03- To Get the vendor details
ME23N- PO Details
MR8M - Reversal
MIRO - PO Invoice posting
FB60 - Non PO invoice processing
F-44 - Vendor clearing
FB03 - TO check entry at document level
FB08 - Mass reversal
ZWFM_R002 - To check CAM approval flow

Jitendra shukla

• Jan 14th, 2017

First we create a ledger for a/p in fs00 then we create account group in obd3 then define no.range in xkn1 then assign no.range for vendor acct group in obas then define vendor in xk01 then Post invoice in f-43 .

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