Supplier Accounts
What is it?
When we say Supplier Accounts, we mean …
- Receive Supplier Invoices for payment
- Review Invoices for accuracy
- Approve Invoices for payment to Supplier
Key Terminology
The process to pay a supplier’s invoice related to a Purchase Order or submitted via Supplier Invoice Request.
Legacy Term: Voucher/Invoice
The process to request a payment for a Supplier Invoice that is not related to a Purchase Order.
Legacy Term: Unencumbered and Voucher/Non-PO Invoice
Classification used to categorize expenditures of goods and services. Spend Categories are mapped to ledger accounts, ensuring proper financial recording
Legacy Term: Account
Legal entity for reporting and auditing purposes (e.g. UFLOR, UFFND, UFRFI, etc.).
Legacy Term: Business Unit
Budgetary unit where financial transactions are recorded, showing ownership and accountability for those transactions.
Legacy Term: Department ID
Organization to track funding source types other than Gift or Grants and which necessitate a level of granularity prompted by institutional financial reporting requirements.