It is possible to process invoices manually or automatically using the software. The accounts payable department is primarily responsible for processing invoices based on purchase orders (PO) and invoices based on non-purchase orders (Non-PO).Bookkeeping works with companies to outsource invoice processing services that increase their productivity while assisting in the development of a precise invoice processing system. For paper invoices, invoice processing services often involve scanning and optical character recognition (OCR) technology to convert paper documents into digital format. This step ensures that all invoices are easily accessible and searchable. Invoices are meticulously verified for accuracy, checking for errors, discrepancies, or missing information. This step ensures that the invoices are valid and comply with the company's policies.After verification, the relevant data from the invoices is extracted and entered into the company's financial system or accounting software. This includes details like invoice number, date, amount, and itemized charges.In many cases, invoice processing services implement a three-way matching process. This involves comparing the invoice with the corresponding purchase order and the receipt of goods or services to ensure all details align correctly.
• Latest invoice processing software
• Matching invoices with purchase orders
• Generating receipts for the e-invoices
• Testing, handling & cashing
• Auditing of scanned invoices
• Gaining scanned invoices from the client
• Reconciliation of audited scanned invoices
• Elaborate tracking of every transaction
• Manual and Automated Data Entry
• Preparing PO receipts for supplier invoices
• Document Indexing
• Generation of extensive reports
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