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Eliminate Paper Invoices With Online Accounts Payable and Recei

  • If you are like most businesses, you have many accounts payable and receivable documents that need to be paid and filed every month. If you have ever had to work with paper invoices, you know how tedious it can be to pay each invoice individually, and then keep track of them afterward. Fortunately, there are now several online invoicing software solutions available, all of which can help you to streamline the process of paying your bills and generating automated reports that make it easy to see how much money is owed, who owes it, and what their next payment date is.

     

    Overview

    The entire business world is slowly but surely going paperless. As a business owner, it’s important to adopt new technologies that streamline operations and make you more efficient. An easy way to do so is by using online invoicing software for accounts payable and accounts receivable management, a concept that eliminates paper-based invoice processing completely.

     

    Benefits

    All transactions are stored electronically, making it easy to review past invoices or find receipts. Access them from anywhere, anytime. Need to email an invoice or attachment? You can do that too. Many people in accounting will know how valuable an efficient system is when tracking Accounts Payable & Receivable (A/P & A/R). Here are some of its biggest benefits: * Automation – Save time by submitting all documents digitally with online invoicing software.

     

    Tools for Online Invoicing

    When it comes to managing Accounts Payable, many organizations have turned to online invoicing software as a solution for cutting down on paperwork. As an alternative to printing checks for individual vendors and paying those checks by hand, some businesses are now opting to send out electronic invoices (i.e., purchase orders) that can be processed through a centralized program such as accounts payable or A/R management software. This makes life easier for everyone involved because paper documentation is eliminated; rather than routing paper around from office to office, you can simply create your invoice with one click and then submit that invoice electronically for payment. The best part? You don’t need special equipment to process these payments; all you need is an internet connection!

     

    Conclusion
    ...and what about those paper invoices? It’s hard to believe there’s still a need for them, but their use isn’t going away anytime soon. For companies that insist on receiving paper invoices, an online accounts payable and receivable management tool can help you eliminate these expenses while streamlining processes at your company.

    SOURCE: Go Paperless With Online Accounts Payable and Receivable Management