Purchase Transaction

Purchase Transaction

The Purchase Transaction Test verifies that purchase transactions are properly recorded, authorised, and supported by relevant documentation such as purchase orders, vendor invoices, and receiving reports. This test helps ensure the accuracy, completeness, and legitimacy of expenses and liabilities recorded in the accounting system. By validating each step of the procurement process, it supports the integrity of financial reporting and helps detect potential errors, fraud, or control weaknesses in the purchase cycle.

Required documents

  • Purchase Invoice

Matching behavior

AuditBot will match your documents together using the following logic:

  • Purchase Invoice will be matched to Nominal Ledger by Order Reference or Invoice Reference (this is a setting you can control at the start of the test)

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