procure-to-pay-advisor

Name: procure-to-pay-advisor
Author: Raishin

17stars3forks

How to install procure-to-pay-advisor?

raishin/vanguard-frontier-agentic/procure-to-pay-advisor

$npx -y skills add Raishin/vanguard-frontier-agentic --skill procure-to-pay-advisor

Installs into the current project.

Summary

Multi-jurisdiction procure-to-pay accounting reference covering PO matching, AP accruals, vendor management, and related compliance.

Files · 1

View on GitHub

SKILL.md

1	# Procure-to-Pay Advisor — Reference Skill
2
3	## Purpose
4
5	Provide the complete multi-jurisdiction framework for procure-to-pay (P2P) accounting advisory — from purchase order matching through AP accruals, vendor management, VAT/GST input credit recovery, and procurement fraud controls.
6
7	---
8
9	## Part 1: PO Matching — 2-Way, 3-Way, and 4-Way
10
11	### Matching Types
12
13	\| Match Type \| Documents Compared \| What Is Verified \|
14	\|---\|---\|---\|
15	\| 2-way match \| PO vs. supplier invoice \| Price, quantity, terms \|
16	\| 3-way match \| PO vs. goods receipt (GRN) vs. supplier invoice \| Price, quantity, and physical receipt confirmed \|
17	\| 4-way match \| PO vs. GRN vs. inspection record vs. supplier invoice \| Price, quantity, receipt, and quality/inspection sign-off \|
18
19	Best practice: 3-way matching is the minimum standard for goods purchases. 4-way matching is appropriate for regulated industries (pharmaceuticals, aerospace, food safety) or high-value capital equipment where inspection sign-off is contractually required.
20
21	### Purchase Price Variance (PPV)
22
23	PPV arises when the actual invoiced price differs from the standard or PO price:
24
25	```
26	PPV = (Actual Price − Standard/PO Price) × Quantity Received
27	```
28
29	- Favorable PPV: actual price < PO price → credit to PPV account.
30	- Unfavorable PPV: actual price > PO price → debit to PPV account.
31
32	Accounting treatment by jurisdiction:
33
34	\| Jurisdiction \| Standard \| PPV Treatment \|
35	\|---\|---\|---\|
36	\| US GAAP \| ASC 330-10 (Inventory) \| Capitalize into inventory cost or expense if immaterial; significant variances may require allocation to COGS and ending inventory \|
37	\| IFRS \| IAS 2.10 \| Included in cost of inventory; abnormal purchase cost variances expensed immediately (IAS 2.16) \|
38	\| German HGB \| §255 HGB (Herstellungskosten) \| Cost of purchase (Anschaffungskosten) — invoiced price + ancillary costs; price variances absorbed into inventory at actual cost \|
39	\| JGAAP \| ASBJ Statement No. 9 \| Actual cost or standard cost (with variance adjustment to COGS) \|
40
41	### Quantity Variance
42
43	Quantity variance arises when goods received quantity differs from invoiced quantity:
44
45	- Short delivery: invoice quantity > GRN quantity → dispute or accrue liability only for quantity received.
46	- Over-delivery: invoice quantity < GRN quantity → accrue full received quantity; issue debit note or request corrected invoice.
47
48	Control: Quantity variances should be cleared within the period or escalated to the buyer for vendor dispute resolution. Unresolved quantity variances older than 90 days are a common audit finding.
49
50	### Tolerance Policies
51
52	Typical industry tolerance bands for PO matching:
53
54	\| Type \| Common Tolerance \|
55	\|---\|---\|
56	\| Price tolerance \| ±1–3% of PO unit price \|
57	\| Quantity tolerance \| ±2–5% of PO quantity \|
58	\| Amount tolerance \| ±$500 or ±2% of invoice total (whichever is lower) \|
59
60	Tolerances exceeding these bands typically require buyer/controller approval before payment release.
61
62	---
63
64	## Part 2: AP Accruals — GRNI and Period-End Cutoff
65
66	### Goods Received Not Invoiced (GRNI) Accrual
67
68	At period end, goods may be received but the supplier invoice not yet processed. GAAP requires accrual of the liability:
69
70	Journal at period end (accrual):
71	```
72	DR Inventory / Expense (at PO price or estimated cost)
73	CR GRNI Accrual (Accrued Liabilities)
74	```
75
76	Journal in subsequent period (reversal):
77	```
78	DR GRNI Accrual
79	CR Inventory / Expense
80	```
81	Then the actual invoice is processed normally through AP.
82
83	### GRNI Accrual — Multi-Jurisdiction Standard Basis
84
85	\| Jurisdiction \| Standard \| Accrual Basis \|
86	\|---\|---\|---\|
87	\| US GAAP \| ASC 420, ASC 450-20-25 \| Probable and reasonably estimable obligation; accrue when obligation incurred (receipt of goods transfers risk/reward) \|
88	\| IFRS \| IAS 37.14 \| Present obligation as result of past event (receipt); probable outflow; reliably estimable → recognize provision/accrual \|
89	\| German HGB \| §249 Abs. 1 HGB \| Rückstellungen (provisions) must be recognized for uncertain liabilities — HGB is more prudent: recognize even when probability < 50% in some interpretations; Imparitätsprinzip (imparity principle) requires recognition of risks even before they are fully crystallized \|
90	\| JGAAP \| ASBJ Conceptual Framework \| Accrual basis broadly consistent with IFRS; no formal IAS 37 equivalent but practice aligns \|
91	\| India Ind AS \| Ind AS 37 (= IAS 37) \| Same as IFRS (IAS 37.14) \|
92	\| China CAS \| CAS No. 13 (Contingencies) \| Broadly consistent with IAS 37 \|
93
94	Key HGB divergence: Under §249 HGB, provisions for uncertain liabilities (ungewisse Verbindlichkeiten) must be recognized as soon as the obligation is probable — the HGB

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procure-to-pay-advisor

17stars3forks

View on GitHub

How to install procure-to-pay-advisor?

raishin/vanguard-frontier-agentic/procure-to-pay-advisor

$npx -y skills add Raishin/vanguard-frontier-agentic --skill procure-to-pay-advisor

Installs into the current project.

Summary

Multi-jurisdiction procure-to-pay accounting reference covering PO matching, AP accruals, vendor management, and related compliance.

Files · 1

View on GitHub

SKILL.md

1	# Procure-to-Pay Advisor — Reference Skill
2
3	## Purpose
4
5	Provide the complete multi-jurisdiction framework for procure-to-pay (P2P) accounting advisory — from purchase order matching through AP accruals, vendor management, VAT/GST input credit recovery, and procurement fraud controls.
6
7	---
8
9	## Part 1: PO Matching — 2-Way, 3-Way, and 4-Way
10
11	### Matching Types
12
13	\| Match Type \| Documents Compared \| What Is Verified \|
14	\|---\|---\|---\|
15	\| 2-way match \| PO vs. supplier invoice \| Price, quantity, terms \|
16	\| 3-way match \| PO vs. goods receipt (GRN) vs. supplier invoice \| Price, quantity, and physical receipt confirmed \|
17	\| 4-way match \| PO vs. GRN vs. inspection record vs. supplier invoice \| Price, quantity, receipt, and quality/inspection sign-off \|
18
19	Best practice: 3-way matching is the minimum standard for goods purchases. 4-way matching is appropriate for regulated industries (pharmaceuticals, aerospace, food safety) or high-value capital equipment where inspection sign-off is contractually required.
20
21	### Purchase Price Variance (PPV)
22
23	PPV arises when the actual invoiced price differs from the standard or PO price:
24
25	```
26	PPV = (Actual Price − Standard/PO Price) × Quantity Received
27	```
28
29	- Favorable PPV: actual price < PO price → credit to PPV account.
30	- Unfavorable PPV: actual price > PO price → debit to PPV account.
31
32	Accounting treatment by jurisdiction:
33
34	\| Jurisdiction \| Standard \| PPV Treatment \|
35	\|---\|---\|---\|
36	\| US GAAP \| ASC 330-10 (Inventory) \| Capitalize into inventory cost or expense if immaterial; significant variances may require allocation to COGS and ending inventory \|
37	\| IFRS \| IAS 2.10 \| Included in cost of inventory; abnormal purchase cost variances expensed immediately (IAS 2.16) \|
38	\| German HGB \| §255 HGB (Herstellungskosten) \| Cost of purchase (Anschaffungskosten) — invoiced price + ancillary costs; price variances absorbed into inventory at actual cost \|
39	\| JGAAP \| ASBJ Statement No. 9 \| Actual cost or standard cost (with variance adjustment to COGS) \|
40
41	### Quantity Variance
42
43	Quantity variance arises when goods received quantity differs from invoiced quantity:
44
45	- Short delivery: invoice quantity > GRN quantity → dispute or accrue liability only for quantity received.
46	- Over-delivery: invoice quantity < GRN quantity → accrue full received quantity; issue debit note or request corrected invoice.
47
48	Control: Quantity variances should be cleared within the period or escalated to the buyer for vendor dispute resolution. Unresolved quantity variances older than 90 days are a common audit finding.
49
50	### Tolerance Policies
51
52	Typical industry tolerance bands for PO matching:
53
54	\| Type \| Common Tolerance \|
55	\|---\|---\|
56	\| Price tolerance \| ±1–3% of PO unit price \|
57	\| Quantity tolerance \| ±2–5% of PO quantity \|
58	\| Amount tolerance \| ±$500 or ±2% of invoice total (whichever is lower) \|
59
60	Tolerances exceeding these bands typically require buyer/controller approval before payment release.
61
62	---
63
64	## Part 2: AP Accruals — GRNI and Period-End Cutoff
65
66	### Goods Received Not Invoiced (GRNI) Accrual
67
68	At period end, goods may be received but the supplier invoice not yet processed. GAAP requires accrual of the liability:
69
70	Journal at period end (accrual):
71	```
72	DR Inventory / Expense (at PO price or estimated cost)
73	CR GRNI Accrual (Accrued Liabilities)
74	```
75
76	Journal in subsequent period (reversal):
77	```
78	DR GRNI Accrual
79	CR Inventory / Expense
80	```
81	Then the actual invoice is processed normally through AP.
82
83	### GRNI Accrual — Multi-Jurisdiction Standard Basis
84
85	\| Jurisdiction \| Standard \| Accrual Basis \|
86	\|---\|---\|---\|
87	\| US GAAP \| ASC 420, ASC 450-20-25 \| Probable and reasonably estimable obligation; accrue when obligation incurred (receipt of goods transfers risk/reward) \|
88	\| IFRS \| IAS 37.14 \| Present obligation as result of past event (receipt); probable outflow; reliably estimable → recognize provision/accrual \|
89	\| German HGB \| §249 Abs. 1 HGB \| Rückstellungen (provisions) must be recognized for uncertain liabilities — HGB is more prudent: recognize even when probability < 50% in some interpretations; Imparitätsprinzip (imparity principle) requires recognition of risks even before they are fully crystallized \|
90	\| JGAAP \| ASBJ Conceptual Framework \| Accrual basis broadly consistent with IFRS; no formal IAS 37 equivalent but practice aligns \|
91	\| India Ind AS \| Ind AS 37 (= IAS 37) \| Same as IFRS (IAS 37.14) \|
92	\| China CAS \| CAS No. 13 (Contingencies) \| Broadly consistent with IAS 37 \|
93
94	Key HGB divergence: Under §249 HGB, provisions for uncertain liabilities (ungewisse Verbindlichkeiten) must be recognized as soon as the obligation is probable — the HGB

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6 picks

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