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Must I pay a revised invoice if the supplier invoiced me for the wrong purchase price of an item on the first invoice they submitted to me?
Wiki User
∙ 14y ago
Unless the new invoice is higher, then I don't see a problem. As I sated in one answer earlier, most companies do not, will not, or are not suppose to send out revised invoices if they made the error and the original invoice has a lower balance due. The company can request that you pay the new invoice, but most companies, not all usually take the "loss" if it is pointed out that "they" made the error.
Before making any decisions on this, if the revised invoice is higher than the original and you don't want to pay the new balance, I would suggest contacting the company, pay the original invoice and let them now that is the invoice you received and that it was their error.
Personally, I would pay the new invoice regardless, I might not like the idea of paying more money, but I also realize that people do make mistakes and unless the balance is of a very huge significance, I wouldn't contest it.
Wiki User
∙ 14y ago
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What is the purpose of invoice from supplier?
Invoice from supplier is proof of sale by seller. In case of any defect, shortage etc. buyer can produce invoice as evidence.
What is the purpose of entering the amount from the invoice?
Verification that the amount invoiced matches the amount ordered and received
When a purchase on account is made the invoice becomes what?
When a purchase on account is made, the invoice becomes...
What is difference between sale invoice and purchase invoice?
Sales invoice is issued by the seller at the time of making invoice whereas purchase invoice is issued by the purchaser to the seller for confirming the order. Anuj Saxena
What will be the journal entry if the invoice is received from supplier?
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
What is the purpose of invoice from supplier?
Invoice from supplier is proof of sale by seller. In case of any defect, shortage etc. buyer can produce invoice as evidence.
How can you describe the traditional steps in the manual purchasing system?
The traditional steps in the manual purchasing system are:A purchase order is placed and is sent to the supplier.The supplier inputs the purchase order into their system.The supplier updates or confirms the Purchase Order information.The Buyer updates the purchase order and item information based on information from the supplier.The supplier ships the items and provides shipment information to the buyerThe buyer (your company) updates the appropriate purchase orders with the shipment information from the supplier.The Goods are physically received by your companyThe goods are received into inventory in buyer system.An Accounts payable invoice is produced by the supplier and transmitted to you.The acocunts payable invoice for the received items is entered into the system.The supplier invoice is paid.
What is the purpose of entering the amount from the invoice?
Verification that the amount invoiced matches the amount ordered and received
What the scope of Supplier Invoice?
Supplier invoices represent a payable that is created when a Product is received from a Supplier.
If some goods from a purchase are damaged upon receipt and returned to the supplier the ap department should receive?
an invoice and credit memo
What does the term bill me later mean?
When the term "bill me later" is used this implies that instead of paying for the product at the time of purchase you expect to be sent an invoice for later payment. Often this invoice will state the timescale for payment to be sent to the supplier.
Can you have a copy of invoice and delivery note?
Yes. The supplier should have a copy of invoice & delivery note for future references.
When a purchase on account is made the invoice becomes what?
When a purchase on account is made, the invoice becomes...
How do you post accounting transaction for supplier invoice if invoice date is different from arrival date?
When a suppliers invoice is received, it is date stamped as to the day actually received. The invoice is posted to A/P the date that it is stamped. This is to avoid a conflict with a supplier that may predate or post date an invoice to suit a their purposes. This also avoids any disputes as to mail delays, etc.
What is difference between sale invoice and purchase invoice?
Sales invoice is issued by the seller at the time of making invoice whereas purchase invoice is issued by the purchaser to the seller for confirming the order. Anuj Saxena
What will be the journal entry if the invoice is received from supplier?
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
What does it mean if an order has been invoiced?
It means the invoice has been created. The invoice is the document that is a request to pay for the goods. If the payment has already been made, the invoice may still be issued but shown 'receipted'. In business, invoices are the way that the company keeps track of the amounts of money that are owed to it by customers.
