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Invoice Handling

oboloo Glossary

Invoice Handling

Invoice handling is the process of managing incoming and outgoing invoices. It involves tracking invoices, verifying their accuracy, and ensuring that they are paid promptly. The goal is to maximize efficiency and reduce costs associated with invoice processing. Invoice handling processes should include: creating digital records of all invoices; verifying prices, vendor/customer names, and other information listed on invoices; assigning them to appropriate personnel for further review; entering data into an invoice management system; and monitoring payment status. With the right invoice handling system in place, businesses can ensure that invoices are processed quickly, accurately, and securely.

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