One objective of accounts payable is to authorize payment only for goods or services actually ordered and received.The best way to process supplier invoices is to use

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The best way to ensure that payment is authorized only for goods or services actually ordered and received is to use a disbursement voucher system. This system requires a purchase order or receiving report to be matched with the invoice before payment can be made, ensuring that the goods or services were received and approved for payment. Electronic funds transfer, nonvoucher systems, and EDI may be efficient for some purchases, but they do not provide the necessary controls to ensure payment is only made for authorized purchases.

One Objective of Accounts Payable Is to Authorize Payment Only