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Almanac · 05 · Money · definition

Financial data validation

Financial data validation and allocation: who owns the invoice, the liability, and the bucket.

A bill can be real and still belong to the wrong plant, the wrong vendor, the wrong month.

Validation confirms the shipment, the cost center, and the P&L are the same story.

See also: GL allocation · Accounting

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The Almanac · Rob Balawender, editor

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