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002 Contractor Invoicew1080ssl1 How To Make My Own Invoice

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. The outcome of automation _ 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.

Itemized List of Services _ must be specific People want to know what they've 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. 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.

Benefits of Implementing Electronic Invoices (e_Invoices or eBills) _ Depending on a company's volume, the savings related to invoice management (receipt, storage, search, signing, returning, payment, shipping, etc.) can fluctuate between 40% and 80%. Some of the reasons for this savings are: Timeliness, both in receiving and sending the information. Savings on paper supplies. Ease of auditing. Increased security and document control. Decreased possibilities for falsification. Easy access to the information. Reduction in the space required for storing archival documents. Quicker and more efficient administrative procedures

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002 Contractor Invoicew1080ssl1 How To Make My Own Invoice


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