What must occur after goods receipt before payment can be made?

After a goods receipt is recorded in the system, the next critical step before making a payment is invoice verification. This process involves checking and validating the vendor's invoice against the goods receipt to ensure that the correct goods have been delivered at the agreed-upon prices. By verifying the invoice, the organization ensures that they only pay for what has been received, thus maintaining accurate financial records and preventing discrepancies.

If there were an occurrence of discrepancies between what was ordered, what was received, and what is being billed, those need to be resolved during the invoice verification process. This step captures any variances, whether related to quantities, prices, or other invoice details.

The other processes mentioned—vendor evaluation, goods issue, and purchase requisition—do not directly relate to ensuring payment after the goods receipt. Vendor evaluation is typically conducted periodically to assess supplier performance but does not facilitate immediate payment. Goods issue pertains to the removal of stock from inventory and is not related to the payment process. A purchase requisition is an internal document requesting the purchase of goods or services and is part of the procurement process but occurs before goods receipt and payment.