EDI Introduction

EDI Introduction - Janice H. Fergusson, CPA Lecturer ACCT...

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Unformatted text preview: Janice H. Fergusson, CPA Lecturer ACCT 404 Accounting Information Systems ACCT 404 Accounting Information Systems Introduction to Electronic Data Interchange (EDI) Introduction to Electronic Data Interchange (EDI) What is EDI “computer-to-computer interchange of strictly formatted messages that represent documents other than monetary instruments”¹ EFT = Electronic Funds Transfer (electronically transferring monetary instruments) ¹The National Institute of Standards and Technology What is EDI ANSI X12 EDIFACT EDI/XML Non-EDI Buying Company 1) Identify Need – purchase requisition 2) Research Vendors – vendor file 3) Select Vendor 4) Place Order – purchase order 7) Receive inventory (verify accuracy) 9) Receive Invoice (verify accuracy) 10) Prepare check and remittance advice 11) Mail check and remittance advice Selling Company 5) Receive purchase order -prepare sales order, check credit, and check inventory 6) Pick and ship inventory - shipping notification bill of lading 8) Prepare and send invoice 12) Receive payment - prepare deposit and update records Partial EDI...
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This note was uploaded on 11/05/2011 for the course ACCT 404 taught by Professor Tuttle during the Fall '11 term at South Carolina.

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EDI Introduction - Janice H. Fergusson, CPA Lecturer ACCT...

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