What is the correct sequence of the purchase-to-pay process?
A)purchase order processing; goods receipt; invoice verification; payment processing; requirements determination
B)requirements determination; purchase order processing; goods receipt; invoice verification; payment processing
C)purchase order processing; requirements determination; goods receipt; invoice verification; payment processing
D)purchase order processing; requirements determination; invoice verification goods receipt; payment processing

Question

Quizplus · Accepted Answer

The correct sequence of the purchase-to-pay process is: requirements determination, purchase order processing, goods receipt, invoice verification, and payment processing. This sequence ensures that the need for goods or services is identified first, followed by ordering, receiving, verifying the invoice, and finally making the payment.

What Is the Correct Sequence of the Purchase-To-Pay Process