The simplest way to form a selection of suppliers to confirm balances with is to confirm them all. It\u2019s timeconsuming most probably due to the amount of confirmations you would have to perform, however there\u2019s no thought process involved as to which to confirm and which to leave unconfirmed. There\u2019s no doubt either whether those left unconfirmed are in fact existing and so on.\u00a0<\/p>\n
However, if you\u2019ve decided that there\u2019s a certain limit you consider acceptable to not confirm, i.e. balances not exceeding a determined amount or zero balances for instance, just ensure that you\u2019ve considered the limit for yourself. There\u2019s no rule as to say 90% of the total balance must get confirmed. There\u2019s just you and your own comfort you\u2019re seeking from the process.<\/p>\n
A question that often arises is whether to confirm those balances which are zero. How I always respond is this, if there have been considerable transactions with the supplier during the period, confirm. If there haven\u2019t been any transactions with the supplier than it would look rather silly to send a confirmation letter to them to confirm that you don\u2019t owe them. Of course situations may vary and in case in doubt, there\u2019s no fault within sending the confirmation letter out regardless of the volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"
The simplest way to form a selection of suppliers to confirm balances with is to confirm them all. It\u2019s timeconsuming most probably due to the amount of confirmations you would have to perform, however there\u2019s no thought process involved as to which to confirm and which to leave unconfirmed. There\u2019s no doubt either whether those […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80],"tags":[],"class_list":["post-5247","post","type-post","status-publish","format-standard","hentry","category-2-10-purchases-and-payables"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=5247"}],"version-history":[{"count":1,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5247\/revisions"}],"predecessor-version":[{"id":5248,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5247\/revisions\/5248"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=5247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=5247"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=5247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}