What are the steps to reconcile Suppliers SOA ?

Question

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

khaled Ibrahim Sayed Abd El Salam Ibrahim · Answer

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.