How do you reconcile invoices with purchase orders, contracts, and delivery notes?
Invoice reconciliation is a crucial step in invoice processing that ensures the accuracy and validity of the payments you make or receive. It involves comparing the invoices you receive or send with the corresponding purchase orders, contracts, and delivery notes to verify that the amounts, quantities, terms, and conditions match. In this article, you will learn how to perform invoice reconciliation in four simple steps and what benefits it can bring to your business.