Accounts Receivable – Best Practices

Accounts Receivable – Best Practices

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A summary of responses received for this Peer2Peer inquiry is available below.

Original Inquiry

I am looking for feedback from the membership regarding their organizations handling of Receiving. To ensure responses are applicable to my company please respond if you are a financial services/non-manufacturing organization.

  1. Is the Procurement/Sourcing group involved or have ownership of receiving? Is the receiving process centralized?
  2. Does your company require receiving in order to process accounting accruals?
  3. Does your company require receipts for services?
  4. How is receiving done by the respective departments within your company?
  5. Does your company utilize a 2-way match (PO & Invoice) or 3-way match (PO, Invoice, Receipt)?
  6. Please provide a perspective of the annual number of purchase orders and receipts.

Summary of Responses

 

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