What is Vendor Reconciliation and how is it done ?
Answer Posted / naveen goyal
A vendor reco is like a statement to where we find out the Differences in vendor books as per our books. Diff may be as follows:
>>> Vendors Invoices did not entered in our books.
>>> Our Debit note note not entered in vendors books.
>>> Our payment did not entered in vendor books.
>>> credit given by vendor did not entered in our books.
>>> Invoice amount difference.
Naveen Goyal (P&A)
Healthkart.com
Is This Answer Correct ? | 60 Yes | 9 No |
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