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CBMS ERP Vendor Bill: Release to Pay

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Manage 3-way matching on vendor bills
=====================================

In the manufacturing industry, people often receive the vendor bills before
receiving their purchase, but they don't want to pay the bill until the goods
have been delivered.

The solution to this situation is to create the vendor bill when you get it
(based on ordered quantities) but only pay the invoice when the received
quantities (on the PO lines) match the recorded vendor bill.

This module introduces a "release to pay" mechanism that marks for each vendor
bill whether it can be paid or not.

Each vendor bill receives one of the following three states:

- Yes (The bill can be paid)
- No (The bill cannot be paid, nothing has been delivered yet)
- Exception (Received and invoiced quantities differ)

₦ 5,000.00 5000.0 NGN ₦ 5,000.00

₦ 5,000.00

    This combination does not exist.

    Important Notes

     A new Company Database is automatically created when you order a Software Package from the shop and Login details sent to your email, login to the new database and on Apps page you can activate the Software purchased.

     If you want this module or app to appear in your existing database first login to your database and visit the Apps page to search for this module name and click Activate or Install   

     To order now select the correct Currency for your Country  from the Top right corner or use USD if your country is not available . Default Standard Package Price is shown, 

    You can purchase extra addons or extra users  to top up your existing database by contacting us or opening a Support Ticket 



      

    Manage 3-way matching on vendor bills

    In the manufacturing industry, people often receive the vendor bills before receiving their purchase, but they don't want to pay the bill until the goods have been delivered.

    The solution to this situation is to create the vendor bill when you get it (based on ordered quantities) but only pay the invoice when the received quantities (on the PO lines) match the recorded vendor bill.

    This module introduces a "release to pay" mechanism that marks for each vendor bill whether it can be paid or not.

    Each vendor bill receives one of the following three states:

    • Yes (The bill can be paid)
    • No (The bill cannot be paid, nothing has been delivered yet)
    • Exception (Received and invoiced quantities differ)