What is ERS(Evaluated Receipt Settlement) in Accounts
Payable?
How is it related to 2 way matching?
- 1 Answers
- 8969 Views
- Genpact, Jenpac, I also Faced
- E-Mail Answers
Answer / joginder singh
Evaluated Receipt Settlement (ERS) is a methodology that
eliminates the supplier invoice from the procurement-to-
disbursement process. It is also called auto-payment, and
utilized a two-way rather than a three-way match. It is
most commonly used in the manufacturing industry between
established trading partners. In an ERS transaction, the
supplier issues an advanced shipping notice (ASN) based on
a purchase order or contract from the purchaser, then ships
the goods. The purchaser, upon receipt of the shipment,
confirms it against the purchase order, verifies the items
and quantity and pays the supplier. Fundamentally ERS
determines disbursements based on purchase orders and
receiving information. ...
| Is This Answer Correct ? | 21 Yes | 2 No |
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
what is the definition of derivative, what is a security?
paid Rs.500 to tax amount which was due for two months pass journal entries
how pass journal entry in the month ending for input vat and out put vat
Explain what does the standard journal entry includes?
Do you know overhead in terms of accounting?
how calculate advance tax?
What elements of your job do you find most difficult?
what do you mean by tds
List the type of transactions entered in journal proper.
what are the diffrances between rules of accounting & principal of account?
How can pass the entry stock goods loss by fire or theft
Audit 
