Accounts Payable Review

Descriptions

The Council is looking to action an Accounts Payable Review of its accounts. This will be achieved through the Spend Analytics and Recovery Services which will identify incorrectly processed information including but not limited to; duplicate invoices, unprocessed credit notes and under-recovered VAT on the Council's ledger. r r Accounts Payable Reviews are standard practice for many companies and are generally performed by an independent firm in order to provide an objective assessment of the accuracy of how accurate and comprehensive accounts payable invoices and other transactions reflect actual business operations. r r The aim of this review is to recover as much money as feasible that has either been overpaid by the Council or not been returned to the Council. The Supplier will identify any unrecovered monies and on behalf of the Council make contact with the relevant parties in order to recover the monies.