Processing supplier documentation is a key part of the processing bookkeeping transaction course and Accounting Trainees must know the procedures involved.
You are part way through the FREE Processing Bookkeeping Transaction course and you should have read the pages listed below before reading this page:
Welcome to processing supplier documentation.
Accounting Trainees and Bookkeepers must be very familiar with the following documents related to supplier documentation:
Goods Received Note (GRN)
They must know how to check the supplier’s documents against the buyer’s documents. They must know how to cast and extend the calculations on the invoice, and check the VAT and discounts have been properly calculated and applied.
They must know how the supplier documentation are coded and where they are filed, and who is responsible for checking and authorising the documents and dealing with discrepancies. Process documents from suppliers are increasingly being used in e-commerce, and many of the documents are produced online maybe in PDF format. Whether the system is manual or digital the bookkeeping theory remains the same.
Here is the link to Amazon for the course books:
Now let’s see what you know – please attempt the quiz below.
QUIZ: Processing supplier documentation
Leaderboard for Process Documents from Suppliers1. -27 Points
2. -27 Points
3. -27 Points
4. -27 Points
5. -27 Points