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Invoice Discrepancy Codes

Definition

Invoice Discrepancy Codes are used to track invoice discrepancies between what was received and what has been invoiced. Invoice Discrepancy Codes provide valuable reporting on vendor performance. See examples from our Library of industry-standard Invoice Discrepancy Codes below.  

Codes and Definitions

Code Definition
TMS Wrong terms of payment
PV Price variance (out of tolerance)
QV Quantity variance
INV-REC Invoiced but items not received
INV-PO Invoice without EAM system PO #
WP Incorrect EAM system PO # on Invoice
WS Work not performed to satisfaction
......