Invoice Handling

Invoices are the crux of any accounts payable operation. While the many other varied topics that can fall under the accounts payable umbrella are sometimes assigned to other departments, invoice handling is always an accounts payable function. Invoices, a simple looking document, can give rise to numerous difficulties, even when handled correctly. And when handled in an inappropriate manner, the number of problems skyrockets. This chapter introduces the three-way match that revolves around three key documents: the invoice, the purchase order (PO), and the receiving document. It also discusses the common invoice problems and solutions.