Statement Matching

SM Daniel Kimpton Statement- Matching.com Statement- SM Matching.com SM Reconciling supplier accounts ensures that an organisation’s supplier balances “en suring no credit are accurate for financial reporting and profits are maximised by notes are missing” or invoices duplicated. SM A straight forward process The process for reconciling supplier accounts is, in principle, very straight forward. The supplier’s credit control department sends a statement of account, which lists the invoices on their sales ledger, to the buyer’s accounts payable department. The accounts payable team at the buying organisa;on compare the statement to their accounts payable ledger(s) to iden;fy any differences. See moreh@p://www.statementmatching.com SM Prioritising due to time challenges However, accounts payable teams already have a full schedule managing the day-to-day ac;vi;es of processing invoices through to payment. Reconciling key vendor accounts can take hours – or even days – because the statement can contain hundreds of even thousands of invoices, which need to be manually checked against the accoun;ng system. See moreh@p://www.statementmatching.com SM Prioritising due to time challenges However, accounts payable teams already have a full schedule managing the day-to-day ac;vi;es of processing invoices through to payment.