Accounting all the invoices and tracking all bills can be tedious for SOHO or small biz owner. If you receiving more than 3 bills a day, then it makes sense to use accounting program, such as Quickbooks. These accounting applications can reduce the cost or processing invoice to under $.35. Well that sound interesting, isn't.
Here're Some basics process you should be doing:
- Mark the data of invoice arrival, due data, and account information
- Every incoming invoice should be field to your accounts payable file
- Credit-card bills should filed as expense on the same day
- Train your staff to file all expenses as per accounting practice
- Make en masse payment for all bills
