Interested to Buy Any Domain ? << Click Here >> for more details...
What is ERS(Evaluated Receipt Settlement) in Accounts
Payable?
How is it related to 2 way matching?
- 1 Answers
- 10164 Views
- Genpact, Jenpac, I also Faced
- E-Mail Answers
Answer Posted / joginder singh
Evaluated Receipt Settlement (ERS) is a methodology that
eliminates the supplier invoice from the procurement-to-
disbursement process. It is also called auto-payment, and
utilized a two-way rather than a three-way match. It is
most commonly used in the manufacturing industry between
established trading partners. In an ERS transaction, the
supplier issues an advanced shipping notice (ASN) based on
a purchase order or contract from the purchaser, then ships
the goods. The purchaser, upon receipt of the shipment,
confirms it against the purchase order, verifies the items
and quantity and pays the supplier. Fundamentally ERS
determines disbursements based on purchase orders and
receiving information. ...
| Is This Answer Correct ? | 21 Yes | 2 No |
Post New Answer View All Answers
Tell me what is project implementation?
wht is different between defered tax liablities and defered tax assets??????
What are the reasons which cause pass book of the bank and your bank book not tally?
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
Why we debit expenses and credit incomes ?
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
Expand ctc cheque?
Explain what is bank reconciliation?
what is a state cheque? how it differes from stale cheque?
purchase plant and machinery
What is fbt (fringe benefit tax)?
List out the stages of double entry system?
What is the diffrent job&project accounting?
