Accounting Reconciliation
Accounting Reconciliation Overview
Since the Prorizon offering is an integrated solution, the system requires items to be received prior to invoicing.
Depending upon the customer parameters set, attaching a soft copy of the invoice may be required when logging the invoice. This logging process requires the accountant to reconcile the invoice against the PO to verify the amounts purchased are correct, record shipping, handling, duties and tax charges as well as any adjustments.
Once an invoice is logged then the accountant can log partial or full payments against an invoice. At any time, it is possible for the PO to have multiple invoices and/or payments recorded against it.
The data recorded in the Accounting & Reconciliation sub-system is reported in the Budget Tracking Sub-system.
Optionally, a customer may choose to do invoice matching and record payments in their A/P system. The information can be synced with the Comm-Plete system via an interface feed to close out the Purchase Orders.
Accounting Reconciliation Features:
- Supports 2 or 3 way invoice matching
- Multi-currency support
- Supports full and partial invoicing
- Supports full and partial payments
- Ensures received items are paid
- Allows for adjustments as necessary
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Learn more about:
Procurement
RFQs
Contract Management
Service Orders
Budget Tracking
Asset Management
Warehouse Management
Accounting Reconciliation
Reporting & Analytics
Change Order Processing
