Invoice errors

Discussion in 'Growing and Managing a Business' started by jenkennedy01, Oct 6, 2016.

  1. jenkennedy01

    jenkennedy01
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    Hello.. I am the owner of a recently started furniture business. Marketing and promotions are going well and business is starting to do well. There are a few concerns though,especially with the invoices. Some errors keep creeping up, like duplicate billing and all. I am thinking about hiring a third party logistics audit specialist to prevent such things. Can someone give more tips to prevent invoice errors or other such issues that can hinder our business success? Any kind of advise will be really helpful. Thanks!
     
    #1 jenkennedy01, Oct 6, 2016
    Last edited by a moderator: Oct 6, 2016
  2. florenceclarke

    florenceclarke
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    Hi Jenkennedy,

    I suggest you that accounting and data entry process both are important in the invoice process. So, you should concern on both related activities.
    As you mentioned like duplicate billing type of errors are there. Then, accounting and data entry both need a serious concern. There are many outsource companies who can provide you quality services for the same to prevent such type of errors.
     
  3. Joseph.Shivell

    Joseph.Shivell
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    Before hiring an outside firm, I would consider the size of the business. Is it large enough to make the cost of hiring an outside firm financially feasible? Is it something that you, or your current manager, can do yourself? Is there one person responsible for billing and invoices? Is there a clear process involved, that can be followed step-by-step to see where the problem is? If you are using accounting software, it can usually create records for you, and keep track of if and when invoices have been sent, paid, etc.
     

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