The accounts payable department reconciles the vendor invoice,purchase order,and receiving report prior to approving the payment to the vendor.

Question

Quizplus · Accepted Answer

The accounts payable department is responsible for ensuring that the vendor invoice matches the purchase order and receiving report before authorizing payment to the vendor. This process is known as three-way matching and helps to prevent errors and fraud.

The Accounts Payable Department Reconciles the Vendor Invoice,purchase Order,and Receiving