Ensuring timely receipt of invoices

November 11, 2021

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Q.¬†What are some best practices for ensuring the timely receipt of vendor invoices for goods and services? I just received an invoice 18 months late. Late invoices seem to be a more regular occurrence lately, and they cause problems with invoice processing and payment. A. (From the IOFM Advisory Panel) ----- We have all invoice/statements go to a shared AP inbox. We also check on discount invoices and if we paid within the discount time of receiving the items, we manually will take the…

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