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In the event of a discrepancy between the PARTIES, regarding the amount stated in an invoice, the invoice must be paid entirely within the period agreed, in the understanding that the amount subject to dispute between the PARTIES, is being paid under protest.

After you identify a discrepancy, you might have to contact the vendor if you think that the information on the invoice is incorrect. Depending on the resulting agreement with the vendor, you can then take one of these actions: Accept the price difference, and post the invoice that has matching discrepancies.

A downward revision can be done using a credit note, while one can make an upward revision with a supplementary invoice or debit note. However, when a registered person has to issue an invoice for the supplies made before obtaining registration, it is called a 'revised invoice'.

If a business makes a mistake on an invoice they have already sent to their customer, they must cancel the invoice with a credit note and then issue a new invoice. The credit note essentially 'pays' the incorrect invoice so there is no outstanding payment.

Invoice Discrepancy means any discrepancies in invoices, discrepancies between the invoices and the accounts of Operator and/or any dispute related to the invoices.

The purchase order vs invoice discussion is all about understanding legal documents with significant differences as well as similarities. They are beneficial for small businesses to maintain detailed sales records and purchases accurately in the financial statements.

When you find any discrepancies in invoices, here are the steps to follow to dispute invoices. Check your purchase order. Match it with the quotation. Send the invoice dispute letter. Request correction. Provide content information.