Accounting Best Practices, Fifth Edition

Chapter 4: Billing Best Practices

Invoice Delivery

4–1	Avoid missed billings
4–2	Add carrier route codes to billing addresses
4–3	Have delivery person deliver the invoice
4–4	Do early billing of recurring invoices
4–5	Issue electronic invoices through the Internet
4–6	Issue single, summarized invoices each period
4–7	Print separate invoices for each line item
4–8	Transmit transactions via electronic data interchange

Invoice Error Checking

4–9	Enhance the invoice layout
4–10	Automatically check errors during invoice data entry
4–11	Have delivery person create the invoice
4–12	Computerize the shipping log
4–13	Track exceptions between the shipping log and invoice register

Invoicing Efficiency

4–14	Eliminate month-end statements
4–15	Reduce number of parts in multipart invoices
4–16	Replace intercompany invoicing with operating transactions
4–17	Use automated bank account deductions
4–18	Improve shipping charge revenue