Common Invoice Problems: How to Deal with Them (Course Id 1568)

As long as invoices remain a staple of the B2B billing and payment process, smart companies will do everything they can to reduce the number of headaches associated with them. What is interesting as we go through the list is that there are ways to greatly reduce or eliminate some of them. Companies just have to make the decision to do so and then stick to the regimen. Those routines are spelled out in this paper.

In this course, industry expert Mary Schaeffer take a look some of the more common problems experienced by companies related to the invoice process and offers solutions on how best-practice companies can minimize these problems and, in some cases, eliminate them.

NASBA QAS - Text - NASBA Registry - 1568

Course Learning Objectives

• Develop strong invoice handling processes to eliminate common invoice problems
• Eliminate the problem of invoices without invoice numbers
• Earn more of your early payment discounts
• Identify strategies for dealing with second invoices with a different invoice number
• Speed up the invoice approval process
• Minimize the amount of manual data entry required when entering invoice data

Chapter 1 - Common Invoice Problems: How to Deal with Them

Overview                                                                                                         

Slow Internal Invoice Approval                                                                       

No Purchase Order Number or Name of Requisitioner                       

Invoices Sent to Wrong Person or Place                                              

Manual Data Entry Required                                                            

Duplicate Submission of Invoices                                                      

Invoices Missing Other Information                                                 

Lost Early Pay Discounts                                                                              

Second Invoices with Different Invoice Numbers                            

Addressing Other Invoice Challenges                                                          

Concluding Thoughts                                                                        

Review Questions

Glossary