Answer
Oct 29, 2016 - 04:44 PM
You can post an invoice on behalf of a firm in one of two ways:
Memo entry: A memo entry is posted as an approved invoice, so it is not routed for approval and is not included in the AP Extract (that is, the invoice is not sent to Accounts Payable for payment). However, the invoice is included in reports.
Post a memo entry under these circumstances:You have received a paper invoice that has already been approved and sent to Accounts Payable.
You want to post a credit entry or a correcting entry that should not be sent to Accounts Payable.
Live invoice: A live invoice is posted as an unapproved invoice and follows the approval route for that matter. When the invoice is finally approved, it is included in the AP Extract and sent to Accounts Payable. Post a live invoice if you receive a paper invoice and you want to electronically route the invoice for approval on behalf of the firm. https://serengeti.trackerhelp.int.thomsonreuters.com/TrackHelp_CO/Content/0734H
lp/CoAdm/CoGen/co_4570-PostingInv.htm
Memo entry: A memo entry is posted as an approved invoice, so it is not routed for approval and is not included in the AP Extract (that is, the invoice is not sent to Accounts Payable for payment). However, the invoice is included in reports.
Post a memo entry under these circumstances:You have received a paper invoice that has already been approved and sent to Accounts Payable.
You want to post a credit entry or a correcting entry that should not be sent to Accounts Payable.
Live invoice: A live invoice is posted as an unapproved invoice and follows the approval route for that matter. When the invoice is finally approved, it is included in the AP Extract and sent to Accounts Payable. Post a live invoice if you receive a paper invoice and you want to electronically route the invoice for approval on behalf of the firm. https://serengeti.trackerhelp.int.thomsonreuters.com/TrackHelp_CO/Content/0734H
lp/CoAdm/CoGen/co_4570-PostingInv.htm
