THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS (GREAT BRITAIN)

Invoices from vendors offering payment terms are paid in the pay run prior to expiration of terms. Approved invoices from vendors not offering payment terms are paid in the next available pay run following the date on which the invoice is received. There are generally two payment runs per week.

Any payment we have made outside our standard payment terms are generally due to discrepancies on invoice verses items received or pricing issues that the purchasing department is working with the supplier to resolve before proceeding to pay the invoice.

Prior to paying any invoice, company policy is to compare the invoiced items and invoiced amount with the original quote or matching to items received. If there is a discrepancy on the invoice from what we would expect, the internal department who requested the order will dispute the charges directly with the vendor. The resolution will either be an additional shipment of the missing items or a credit note for the original invoice and re-issuing a new, corrected invoice (or a partial credit note for the items not received or billed incorrectly). It is also possible that after discussion with the vendor we come to an agreement to pay the invoice as it originally stood.