Payable Process:

PO /SRIR Debit/credit
Advance Invoices Manual Invoices
matched Invoices

Validation of Creation of Invoices

Invoice

Approving of Select
Invoice Entering Payments Bank Details

Creation Select Invoices

Of Accounting Transfer to GL

Adjustment of Creation
Advance Reconciliation Of Accounting

1
Areas of concerns:

Payables:

1. If the items are having SRIR it should be matched with the receipts only while creating
invoice.
2. For all Head office bills should be matched with Purchase order
3. Advance invoices should be created against Purchase order except for Departmental Adv.
4. Before Paying TDS payments all invoices should be in validated and accounted
5. Verification of Supplier Master.
6. Don’t use Liability Account or Bank account as Charge account while creating
payable Manual Invoice
7. While entering Service tax invoice make sure to select service tax percentage
in the invoice distributions.
8. If TDS is not required while entering advance don’t select TDS site of supplier while
Creating Prepayment Invoice.