Why is invoice reconciliation important?
Invoice reconciliation involves checking a supplier invoice matches your purchase order.
Other Supplier Invoice Reconciliation automatically helps you:
Avoid underbilling your customer:
You will be alerted to any price difference automatically in Sparky. If there is a legitimate reason for a price rise, you can pass this on to your customer.
If additional line items are added (e.g. delivery for bulky goods) you will also have the opportunity to pass this on to your customer.
Avoid overpaying your supplier:
If a price rise does not make sense to you, you can query it with your Sparky supplier. If this price rise is illegitimate, they can reissue you an invoice with the correct pricing.
Be aware of product substitution:
Your Sparky supplier may substitute products (e.g. may have no stock of a generic product). Sparky will alert you to this so you can query any discrepancies that you are unhappy with.
Creating an Invoice for Other Suppliers
How does Other Supplier Invoice Reconciliation work?