Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the steps to reconcile Suppliers SOA ?

Kindly advice in Points in order we all can follow it and apply as well.

user-image
Question added by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company
Date Posted: 2015/07/25
khaled Ibrahim Sayed Abd El Salam Ibrahim
by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

1) Make sure all invoices & Returns & Payments & Debits & Credits or any deductions before go through reconcile SOA.

2) Ask Supplier to submit updated SOA as of reconcile date i mean you both make cut off date to reach up for accurate balances.

3) Then classify the reconciliations into2 sections AS BELOW :

      First : Transactions at Suppliers and not Yours ( Regardless its type ).

      Second : Transactions at yours and not showed in Suppliers SOA.

 

         But make sure all the above with the official supported documents.

  

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.