What are Common Reasons for Reconciliation?

Some common errors that may result in the application being unable to match the invoice and receipt:

• Data entry errors

• Receiving errors

  • An item is listed on the receipt, but is not listed on the invoice

  • An item is on 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