Any Accountants in there? Can Some Accountant explain what is ment by Matching, Batching and Coding of Invoice
Hello Can you please tell me what is matching batching and coding. what does processing of invoices mean and how do you do them if it is in a Hotel industry. It would be great if you can give me a brief explanation of these works. Thank you.
Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ok I will try to answer this.First it depends of what type of invoice you are processing> The one from the suppliers or the one issued by the company you work for. Lets say you process the invoice from suppliers. Matching the invoice means to check the invoice against the purchase order/contract and the reception note. It is usually called a 3 way mathching. Initialy you order products or services, so you have a purchase order or a contract where you specify your product/services needed the guantity the price the delivery day etc etc. You send this purchase order to supplier and they send the goods. You make a receiving note/or note of confirmation for services. This purchase order together with receiving note is send to accountants who will wait for the invoice. Once invoice come the accountant make sure everything is on invoice was ordered and actually received. If mistakes you send the invoice back and announce the purchasing department to solve the issue with the suppplier. So this was in simple words the MATCHING. Once you match an invoice and no issues, you record it inthe system ....the software used by the company to process invoices. Some copmanies are also having the purces order and the receiot inthe system.. depends on how they organize the accountancy... Batching is in general the check performed by the system for the total amount of invoice ..but also for receits and other transaction done by the system. In simple words. Batching is an automatic check of the totals in a 2 way system.. and is done by the software. Coding an invoice it giving a specific number to an invoice. This number is given differently from country to country depending on legislation. So you may want to check it for your country. In my country ( somewhere in europe) this number of the invoice is given by a special institution and it is reglemented by low. Also coding can be an internal number given by the system to eah invoice processed ( either a supplier invoice or an invoice issued to a customer).. in this case the number is given automatically by the system in a sequential way. Please note that these are generic answers... in accountacy always depends on company, software used, legislations and regulation. Bu i hope i gave you a slight idea of what is all about.
Read more other entries :
Saturday, June 28, 2014
Saturday, June 14, 2014
who works in the city and an accountant?
who works in the city and an accountant?
how do u find it, do u blog etc. how are the ppl at your firm and finally - check my 360 profile out
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I've worked in the City before, but not as an accountant. I have checked your 360 out though! Things I like about you: > You hate the tubes. I hate the bloody tubes, too. > You also believe that smoking kills, but looks cool ;-) > You say you love your girlfriend, which is very sweet. The only downside is you slamming people for buying their suits in ASDA when you are 'draped' in Hugo Boss... Come on, don't turn into a pretentious London asshole like the rest of them. Not cool. If you put something unpretentious on your blog, you might be able to redeem yourself ;-) xx Emmie
Read more other entries :
how do u find it, do u blog etc. how are the ppl at your firm and finally - check my 360 profile out
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I've worked in the City before, but not as an accountant. I have checked your 360 out though! Things I like about you: > You hate the tubes. I hate the bloody tubes, too. > You also believe that smoking kills, but looks cool ;-) > You say you love your girlfriend, which is very sweet. The only downside is you slamming people for buying their suits in ASDA when you are 'draped' in Hugo Boss... Come on, don't turn into a pretentious London asshole like the rest of them. Not cool. If you put something unpretentious on your blog, you might be able to redeem yourself ;-) xx Emmie
Read more other entries :
Saturday, June 7, 2014
I want to become an accountant, however do not have the time to go back to uni, any ideas?
I want to become an accountant, however do not have the time to go back to uni, any ideas?
Does any body have any ideas on a good online course? I am living abroad so Open Uni is out of the window as I have to attend occasional lessons on their courses. I have been looking at certain online/long distance learning courses but they are sooooo vague. And I want a recognised qualification, any suggestions?!!! thanks!!!
Studying Abroad - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
try onlineschools.com or something to that effect I'm enrolled in Strayer.edu
Answer 2 :
Becoming a Chartered Accountant is hard work and requires a few years total dedication. If you have not got the time, don't waste your time. Failed accountants are paid peanuts because there are lots of them. The thing to remember is that the failures have often spent as much time studying as the successes. As you are living abroad, I suggest that you contact the local big accountancy firms for advice. They may even sponsor you.
Answer 3 :
At least two professional bodies have trainers all over the world. Students study part-time and gain internationally recognised professional qualifications. Those that have most success attend evening classes before taking exams. Any correspondence course that is not linked to one of the professional bodies should be avoided. It is likely that the qualification will be worth very little, and so not help you get a decent job. Try these sites: http://www.accaglobal.com/ http://www.cimaglobal.com/cps/rde/xchg/live/root.xsl/index.htm
Read more other entries :
Does any body have any ideas on a good online course? I am living abroad so Open Uni is out of the window as I have to attend occasional lessons on their courses. I have been looking at certain online/long distance learning courses but they are sooooo vague. And I want a recognised qualification, any suggestions?!!! thanks!!!
Studying Abroad - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
try onlineschools.com or something to that effect I'm enrolled in Strayer.edu
Answer 2 :
Becoming a Chartered Accountant is hard work and requires a few years total dedication. If you have not got the time, don't waste your time. Failed accountants are paid peanuts because there are lots of them. The thing to remember is that the failures have often spent as much time studying as the successes. As you are living abroad, I suggest that you contact the local big accountancy firms for advice. They may even sponsor you.
Answer 3 :
At least two professional bodies have trainers all over the world. Students study part-time and gain internationally recognised professional qualifications. Those that have most success attend evening classes before taking exams. Any correspondence course that is not linked to one of the professional bodies should be avoided. It is likely that the qualification will be worth very little, and so not help you get a decent job. Try these sites: http://www.accaglobal.com/ http://www.cimaglobal.com/cps/rde/xchg/live/root.xsl/index.htm
Read more other entries :
Sunday, June 1, 2014
Steps to become a Charted Accountant?
Steps to become a Charted Accountant?
I am 18 and studying BTEC national diploma Level 3 in Business. I want to ask that how long is it going to take for me to become a charted accountant and what cources I have to do and in what university I have to go.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You will need to be hired by a firm of Chartered Accountants and will sit the exams under their sponsorship. The process takes about three years if you pass your exams the first time around. Although it is not strictly necessary, the accounting firms normally expect you to have an undergrad degree before you apply as competition is fierce. A First or 2.1 degree in a subject like Maths would probably get you an interview.
Read more other entries :
I am 18 and studying BTEC national diploma Level 3 in Business. I want to ask that how long is it going to take for me to become a charted accountant and what cources I have to do and in what university I have to go.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You will need to be hired by a firm of Chartered Accountants and will sit the exams under their sponsorship. The process takes about three years if you pass your exams the first time around. Although it is not strictly necessary, the accounting firms normally expect you to have an undergrad degree before you apply as competition is fierce. A First or 2.1 degree in a subject like Maths would probably get you an interview.
Read more other entries :
Subscribe to:
Comments (Atom)