PO, Receipt and Invoice Match
Re-perform the three-way match on every supplier invoice, and find goods received and not invoiced.
- Ledger + purchase orders with receipts
How the result is read
The purchasing control says nothing is paid that was not ordered, received and invoiced at the agreed price. Re-performed on the whole population rather than a sample, every invoice is compared with the order and the receipt behind it. Price, quantity and timing are tested apart because they are different failures; an invoice with no order from a vendor who otherwise orders by PO is a bypass; goods received by year end and never invoiced are a liability the ledger does not hold yet.
In the application
PO, Receipt and Invoice Match is filed under Purchases & payables, index letter D. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under D, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required