Vendor reconciliation
CMA RAVI (ASSISTANT MANGER - FINANCE) (478 Points)
17 June 2013
What are the steps in vendor reconciliation?
Vinoth
(Assistant Manager Finance)
(166 Points)
Replied 18 June 2013
Get vendor ledger. Extract your ledger. Compare & find difference reasons. Bills not accounted is the issue if you received the materials already. So, try to check the inward & make entry for missing invoices. Otherwise, ask vendor to reverese the bills.
It is simple in mentioning, but work & get confirmation is required for audit.
Inform vinodkumar2001 @ msn.com if you require more details.
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