1.50 credits
Course Description
This course is a short and to-the-point overview of invoice handling. It is intended for financial professionals eager to understand the best practices for the invoice handling function and how critical it is for those organizations concerned about their profitability. The course explains how poor practices in invoice handling result in excess cost, duplicate payments, increased processing expenses, fraud, and frayed vendor relationships. This course presents information the professional can use to identify best practice problems. Industry expert Mary S. Schaeffer explains the invoice issues. She then reveals the best practices for a myriad of these problems as well as identifying the best practices for those cases where it is not possible to use the best practice and the worst practices which are likely to cause trouble.
Learning Objectives
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Objective 1
- Create effective invoice receipt practices.
- Establish effective data entry rules for invoice processors.
- Construct best practice invoice handling routines.
- Define effective practices when short-paying invoices.
- Develop stands for handling unidentified invoices.
- Establish a process for managing discrepant invoices.
