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Purchase order invoice
Purchase order invoice
What is this?
- Overview
- Where invoice matches with a purchase order, Queensland Shared Services (QSS) processes payment.
- Who
- QSS customers
- Level of expertise
- Basic finance knowledge
Features
Pay standing orders
Suitable for recurring and long-term purchases because invoices are paid from committed funds.
Minimal processing
No form required for payment.
Benefits
Controls purchase of goods and services
Prevents overpaying and overbuying.
Financial controls
Strengthens internal controls when a 3-way match occurs between purchase order, goods receipt and invoice.
Improved cash forecasting
Have a more accurate view of your budget because amounts committed for purchases are reflected when purchase order raised, rather than when invoice paid.
