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Accounting Best Practices, Fifth Edition by Steven M. Bragg Englewood, Colorado

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18–2. Billing Policies for Best Practices (Chapter 4)

  • All customer invoices must be issued no later than ___ days subsequent to product shipment or service completion. This policy presents the billings staff with the overriding goal of issuing invoices in a timely manner.

    Impacted best practices:

    • Have delivery person deliver the invoice

    • Do early billing of recurring invoices

    • Issue electronic invoices through the Internet

    • Transmit transaction via electronic data interchange

    • Have delivery person create the invoice

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