Lissette Boulanger Invoice Design October 10, 2018
Include Your Terms - must be clear When do you expect the client to pay you? What happens if they miss the deadline? To be able to send follow-up or overdue notices or to charge interest you need a rock-solid paper trail that no one can argue with. Let Them Know How to Pay You - must be easy Do you want a cheque mailed to you a money transfer flowers? Be explicitly clear about what you expect and in what form. It is usually best to discuss with the client beforehand their preferred method or to come to an agreement about a method you both like.
Maree Humbert Invoice Design October 10, 2018
This company is one of the largest drinks companies in Europe formed in April 2004. They are part of the largest wine company in the world and a leading producer and exporter of wine from the USA Australia and New Zealand. The company has a strong portfolio of brands from the wine cider fortified wine wine-style drinks and bottled water categories. Their Accounts Payable (AP) department consisted of 13 people processing in the region of 180000 invoices per year from suppliers across Europe. Invoices need to be approved by 250 individuals from 3 offices in the UK 11 depots and 2 manufacturing plants in addition to users in mainland Europe.
Eleonore Simonin Invoice Design October 10, 2018
Dealing with this volume in a manual operation was causing several problems. Invoice processing was extremely paper intensive; a considerable amount of time and effort was spent data inputting chasing paper invoices and filing. It was often difficult to locate invoices and the AP team would waste time contacting the business users to trace invoices. This resulted in a lack of efficiency and a lack of control over the process. There had also been an issue of making a number of duplicate payments.
Evonna Mayer Invoice Design October 02, 2018
Furthermore when companies employ this technology they are motivated to digitalize other documents thus achieving efficiency and savings in additional areas of the business. Control of taxes is also increased with electronic billing because it allows for greater control over tax compliance and simplifies the auditing process.
Lorraina Quere Invoice Design October 02, 2018
The new invoice processing solution has considerably automated the AP department this is resulting in an increase in control over the process. At the end of each month the ERP system produces an AP Log report that lists all the invoices that are with the business users. It is expected that the slicker and faster process will lead to a considerable reduction in the number of items on this log.
Ninon Doucet Invoice Design October 02, 2018
Another outcome is an increase in efficiency; the AP department can instantly find an invoice without having to waste time chasing the business users. With approximately 70% of the invoices now matching the PO immediately a considerable amount of invoices only require scanning after which the process is entirely automated. This efficiency has directly resulted in a reduction in the number of people required in the Accounts Payable department; before the system was installed the team consisted of 13 people and there have been reductions in headcount as the AP manager substantiates:
Evonna Mayer Invoice Design October 02, 2018
Numbers and Numbers and Records and Books - must be trackable Referring to "invoice #9048" rather than "That invoice I sent you last month I think on a Tuesday" is much easier to track for both you and your client. Assign numbers to your invoices systematically consistently and chronologically. Some people number their invoices by year (for example 2009043 would be the 43rd invoice of 2009). You could also specify a code for the project. For example ABC06 would be the 6th invoice for the ABC project that youre currently working on. Having an invoice and project numbering system keeps everything in line.
Cerise Le Gal Invoice Design October 02, 2018
In order to comply with regulations and ensure that an electronic invoice has the same legal validity as a paper invoice the corresponding electronic document must contain the same mandatory fields as any other invoice must be signed with an electronic signature based on a recognized certificate and must be sent from one computer to another with the parties mutual consent. This combination of factors provides a Telematic Invoice with sufficient reliability so as to indisputably guarantee its integrity and the authenticity of its origin.
Lissette Boulanger Invoice Design October 01, 2018
One of the key strengths of the automated invoice processing operation is the tight integration between their finance system and IMS. This is based on a transfer of Shared Reference Data that happens nightly that ensures each system contains the most up to date information e.g. PO numbers GL codes and new vendors.
Ninon Doucet Invoice Design October 01, 2018
if you are using a limited company as your payment structure you will need to raise invoices for the services you provide or goods that you sell this article explains how to prepare one with an example the best practices you need to know double taxes case example proforma invoice example and in the end I will give you tips about how to find a good invoice example online I will also include a couple of invoice example free download in Microsoft Word and Excel format for you to use.