Invoice Resolution Test Sample Clauses
The Invoice Resolution Test clause establishes a process for addressing and resolving disputes related to invoices between parties. Typically, this clause outlines the steps that must be taken if one party contests the accuracy or validity of an invoice, such as providing written notice of the dispute and a timeframe for resolution. Its core practical function is to ensure that billing disagreements are handled efficiently and transparently, minimizing disruptions to ongoing business relationships and reducing the risk of prolonged payment delays.
Invoice Resolution Test. Select a sample of 10 invoices dating from Month 200X (three months prior) and trace these invoices through to resolution (i.e. collection, dilution, write-off, or delinquent). Prepare a listing of each invoice analyzed and include this detailed information in an exhibit to your report. Be sure to include the payment terms on the face of invoice your exhibit.