What is a feature of goods-receipt-based invoice verification?

In goods-receipt-based invoice verification, a fundamental principle is that the goods receipt is a prerequisite for the invoice posting. This means that before any invoice is processed, there must be a confirmation that the corresponding goods have been received and recorded in the system. This feature ensures that the company only pays for goods that have been delivered, thereby enhancing the accuracy of financial transactions and maintaining inventory integrity.

By requiring a goods receipt prior to the invoice, this process helps prevent discrepancies between what was ordered, what was received, and what is being billed. This linkage is crucial for effective supply chain management and maintaining proper financial controls.