Keying Invoices - Best Practices for Small Biz Owners

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

Double check the payment before sending out checks for your bills. This is one area where I see lot of mistakes due to oversight. Give a second look on check payments.