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