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The Complete Guide to NetSuite SuiteScript

Nanonets

SuiteScript is NetSuite’s JavaScript-based scripting language, enabling developers ( by the end of this article, that'll also be you! ) 🔄 Scheduling nightly tasks to reconcile data across departments. What is SuiteScript? to create tailored solutions that align perfectly with complex business needs.

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Three-way matching definition

Accounting Tools

When the payables department receives an invoice from a supplier, it matches the following information: The information on the supplier invoice to a copy of the related purchase order that has been forwarded to it by the purchasing department.

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Voucher definition

Accounting Tools

Voucher information may be assembled into a packet, where the basic voucher document is attached to the supplier invoice, evidence of receipt, and purchase order. Related Articles Accounts Payable Analysis Accounts Payable Controls How to Reconcile Accounts Payable How to Set Up an Accounts Payable System Voucher System

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Vendor Statement Reconciliation Steps

oAppsNet

This article serves as a comprehensive guide, delving into the essential steps and advanced strategies businesses can employ to master the art of Vendor Statement Reconciliation. Simultaneously, gathering internal documents encompasses purchase orders, invoices, and payment receipts. Let’s get started.

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Vendor Reconciliation Best Practices

oAppsNet

This article unveils the best practices that elevate vendor reconciliation from a routine task to a strategic imperative. Meticulous Matching of Invoices and Purchase Orders: Navigating Specifics The best practice of meticulously matching invoices with corresponding purchase orders adds a layer of specificity to vendor reconciliation.

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The invoice approval process

Accounting Tools

Use Purchase Order as Approval If the purchasing department has already issued a purchase order , then the purchase order itself should be sufficient evidence that an invoice can be paid. Several examples are noted below.

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What Role Do CFOs Play in Digital Transformation?

NextProcess

Routine and repetitive tasks, data entry, regulation compliance, and reconciling POs and invoices are examples of tasks that are perfect for automation. Reconciling discrepancies, delicate customer service conversations, and using data to generate strategic plans and innovative solutions are examples of tasks that benefit from a human touch.