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Payment matching policy
April 6, 2022
Q. We have three AP specialists who match payments once they are processed. We are looking to write a policy to include a percentage of the payments that are quality controlled for matching. Do you have a best practice what percentage of payments should be quality controlled matched? If there is an error found, who should fix it?
A.
(Answered by the IOFM Advisory Panel)
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AP seeks approval of all invoices they process. We do not pay an invoice until it is approved by the departments…
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