Types of Invoice Verification
As a rule, an invoice refers to a transaction for which the issuing party requests payment. Invoice Verification differs depending on the type of invoice involved:
With purchase-order-based Invoice Verification, all the items of a purchase order can be settled together, regardless of whether an item has been received in several partial deliveries. All the deliveries are totaled and posted as one item.
With goods-receipt-based Invoice Verification, each individual goods receipt is invoiced separately.
When there is no reference to a purchase order, it is possible to post the transaction directly to a material account, a G/L account, or an asset account.