Accounting Finance:Enclosure Invoices-Entering Enclosure Invoices

Overview

By the end of this course, you will be able to:

• Understand how to enter enclosure invoice/credit note into accounts payable

Handling Enclosure Invoices

• Customer and supplier conclude a deal to ship enclosure
• Supplier ships enclosure to uniPHARM via a Carrier
• Carrier delivers enclosure to Receiving
• Receiving forwards packing slip to A/P
• A/P matches packing slip to supplier invoice and issues payment to supplier
• Enclosure invoice is forwarded to A/R
• A/R invoices Customer for enclosure and forwards invoice to Receiving
• Receiving attaches invoice to goods and forwards to Shipping
• Shipping makes arrangement for the delivery of goods & invoice to Customer