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Question: Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.
Answer: Discrpancies in invoices could be many. Like there might a incorrect amount entered, incorred date or account code combination entered etc. If the amount entered is not matching with the purchase order then the system will place the invoice on hold which will have to be released before going further. If there is no purchase order matching and if you have entered wrong amount and if it is approved then you can reverse the distribution line and create a fresh line for the correct amount.
Accounts Payable Interview Questions & Answers -
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Question: Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.
Discrpancies in invoices could be many. Like there might a incorrect amount entered, incorred date or account code combination entered etc. If the amount entered is not matching with the purchase order then the system will place the invoice on hold which will have to be released before going further. If there is no purchase order matching and if you have entered wrong amount and if it is approved then you can reverse the distribution line and create a fresh line for the correct amount. Source:
Discrepancies in invoices could be many. Like there might a incorrect amount entered, incorrect date or account code combination entered etc.If the amount entered is not matching with the purchase order then the system will place the invoice on hold which will have to be released before going further. If there is no purchase order matching and if you have entered wrong amount and if it is approved then you can reverse the distribution line and create a fresh line for the correct amount and in each company there are some pre-requisites to process the bills like quality certificate,original bills etc.These must be filled on otherwise the bill should not be processed. Source:
Answered by: MOHNISH SHARMA |
Date: 6/2/2008
There might be tax related discrepencies in the invoice which is related to the tax rates and you have to also see which type of tax are applicable in such invoice.I mean to say it can be service tax,sales tax,vat or CST. Source:
Answered by: Bhawna |
Date: 9/3/2008
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