Implementation Issues for Billing Best Practices
The best practices in this chapter comprise a broad mix of issues that are easily put in place and others that are much more challenging to implement, depending on a company’s specific circumstances. This section contains a table (Exhibit 4.1) that lists the best practices and then describes the cost and duration of implementation for each one. The most difficult ones are those requiring extra computer programming to achieve, as well as those that require the cooperative efforts of other departments. The easiest ones can generally be achieved within the accounting department and with no additional capital or personnel costs of note.
Best Practice | Cost | Install Time | |
---|---|---|---|
Invoice Delivery | |||
4–1 | Avoid missed billings |
|
|
4–2 | Add carrier route codes to billing addresses | ||
4–3 | Delivery person delivers the invoice |
Get Accounting Best Practices, Fifth Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.