Consignment Stock and Invoice Verification

Consignment stock
            On Consignment, the material is ready at our store proofs, but, it still goes to the vendor (seller)/Owner of the stuff. If you employ the material from consignment stocks, later you have to pay to the vendor.

Invoice verification
            Once goods are obtained from the vendor and stored in the company’s premises by goods receipt suddenly we require paying to a vendor for obtained goods and assistance. The price to be given simultaneously with details of material is presented by the vendor in the form of the report that is known as an invoice. Before returning to the vendor we need to check the invoice. This method of validating invoice and paying to a vendor is identified as invoice verification.

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