Review coding
Accurate coding of bill lines is essential for maintaining precise financial records and ensuring payments are made from the correct budget. Review coding lets you apply expense accounts and custom fields to each bill line, providing greater accounting accuracy and budget tracking.
Coding is usually done during the invoice review, but for PO-backed bills, it’s reviewed in the Review coding step, during the PO matchingThe process of matching goods and services from purchase orders to invoices (2-way matching), and receipts (3-way matching) stage.
You can check with your Tipalti rep if you can set up your account so you can review coding during the invoice review for both PO-backed and non-PO-backed bills.
To review coding:
After you complete PO matching, click Review coding.
Scroll down to the Bill header and check the editable fields have the correct entries. If not make your changes.
In Bill lines, apply your tax codeA code for the type of tax applied to a bill line (e.g., VAT-UK) and select the correct category from each dropdown, including your expense accountThe general ledger (GL) account that is debited for the payment amount.
Click Submit. Your bill is now ready for payment and moves to the Pending payment tab in the Bills list.