How to remedy double paud (e-)invoices? This is the solution

December 2, 2014  |  Cooperation, Electronic Invoicing, Payment

For businesses of any size, errors in accounting can be detrimental, especially double-paid invoices. This happens when you pay a supplier twice, through an oversight within your accounting system.

This sometimes happens when you have the same invoice recorded under different names for your supplier (maybe the parent company and the one you do business with directly) or when you misrecord the invoice number when you scan it. If you use multiple systems for your finances in different business units, this also invites errors in accounts payable.

While many automated accounting systems use invoice tracking to prevent double-paid invoices, they don’t account for human error. Even recording one number incorrectly on an invoice can cause you to duplicate that invoice, and most systems won’t be able to catch that mistake.

Once again, InvoiceSharing is looking out for you. They’ve partnered with S-DNA to save you time and manpower without the errors you’re probably making now with your accounts payable. Its highly sophisticated data analysis software inspects duplicated invoice numbers and payments, as well as trends, to help you better manage your finances and reduce those double payments.



Related Posts

Comments are closed.