Accounts Receivable Clerk Question:
Explain what Is Evaluated Receipt Settlement?
Answer:
ERS is a business process between trading partners that conduct commerce without invoices. In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN) and the purchaser upon receipt confirms the existence of a corresponding purchase order or contract verifies the identity and quantity of the goods and then pays the supplier.
| Previous Question | Next Question |
| Tell us how would you handle a customer that is 14 days past due? | Tell me what Are Derivatives? |