Common reasons for reconciliation

Some common errors that can result in the invoice and receipt not being able to be matched:

  • Data entry errors
  • Receiving errors
    • An item is listed on the receipt, but is not listed on the invoice
    • An item is listed on the invoice, but is not listed on the receipt
  • Pricing errors
    • An item on the invoice is more costly than the item on the receipt (overcharge)
    • An item on the invoice is less costly than the item on the receipt (undercharge)
  • Tolerance errors
  • Quantity errors