suppliers invoicing late? | AccountingWEB

suppliers invoicing late?

is there anything you can do to crack down on suppliers sending you invoices late? Of course if you pay only upon receipt of invoice this is a cash flow benefit to the business. However if a lot of suppliers are doing so it creates a problem to prepare the management accounts etc if there are variances from PO to invoice. Is there anything one can do to discourage this practice of late invoicing? 

I suppose we could also look at the process for POs and provision to ensure these are as accurate as possible.. 

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Have you looked at Self Billing?

Democratus |
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