Tag: Reverse Match (Articles)

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  • Coding to the Inventory Account… from AP! #SupplyChainWeek
    It happens way more often than organizations realize. Invoices get coded directly to the inventory account – which is no Bueno when we are talking about a balance sheet GL account that is purportedly supposed to tie to a sub system (and that system is IC, not AP!) So why do we see directly Coded Invoices and Credits for Inventory Items in the first place? Don’t inventory items need to come through a PO to be received in as Inventory in the first place? Yes, they sure do!
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