Emeraude Costa Invoice Design October 15, 2018
These mistakes can lead to higher costs within the AP department and the company as a whole but investing in an Invoice Management Solution could help to reduce the amount of time manually keying information into the finance system; as well as significantly lowering the amount of duplicate invoices that dont get noticed.
Madeleina Desbois Invoice Design September 25, 2018
Itemized List of Services - must be specific People want to know what theyve paid for. Most people will not pay for something described merely as "Design." Tell them exactly what they have received: e.g. "Design of three-page static website for Sporting Goods Department." Be as specific as possible. In five years would both you and the client know what you meant by your description? Also specify whether the charge is project-based or hourly.
Francene Besson Invoice Design September 24, 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.
Roux Maillet Invoice Design September 24, 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:
La Verne Paillard Invoice Design September 24, 2018
If you are permitted to submit your invoice via email then it is useful to convert the invoice into PDF format so that it cannot be altered. There is a free PDF creator which you can use at PDFCreator. This creates a PDF file from any application which can then be emailed to the client. Better off if you can use a software system it will automatically generate invoice in PFD format you can also email it straight away from within the a software program.
Madeleina Desbois Invoice Design September 24, 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.
Eleonore Simonin Invoice Design September 24, 2018
Their Details and Yours - must be complete This is basic stuff but you cant afford to forget it. In addition to the clients address make sure to include the name of the clients contact person who handles your account! A company with three employees can figure out what youre doing; but in big companies invoices get misplaced especially if theres confusion over who belongs to which project.
Cerise Le Gal Invoice Design September 24, 2018
Duplicate Invoices With so many invoices being sent to the AP department you are guaranteed to have a few duplicate invoices. Sometimes this could be someone trying to commit fraud but sometimes this could be a genuine mistake. A few common mistakes that can cause duplicate payments include typographical errors such as: