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Invoice processing analytics are key metrics and details that help companies identify how invoice processes are performing, as well as areas of improvement. It often falls under the umbrella of business intelligence and lets companies review key processes.

Invoice footers can be used in order to add additional information on a sales invoice. Invoice footers are a type of standard e-mail texts. In the invoicing properties of a customer, you can indicate an invoice footer to be used. The subject and text related to the invoice footer can than be printed on the invoice.

The payment details at the bottom of your invoice should include: The total amount due, including any applicable sales tax. The payment due date. Your late payment fees and policy. Any money-back guarantee or service warranties.

Here are the 5 most important things to look for on an invoice: The Vendor's Contact Information. The Purchase Order Number. Invoice Number. Description and Pricing. Payment Terms.

The first step to using invoice analytics effectively is to identify the key metrics and benchmarks that measure your supplier performance and relationship. These may include invoice accuracy, cycle time, payment terms, discounts, compliance, quality, delivery, and innovation.

Here are the steps for invoice processing: Capture, general ledger (GL) code, and match supporting documents such as a purchase order and/or delivery receipt. Send invoices to authorized approvers to approve or reject invoices. Authorize and submit invoices for payment in a financial system.

You should verify the invoice number, date, supplier name, address, and contact information, as well as the item description, quantity, price, and unit of measure. You should also check for any discounts, taxes, shipping charges, or other fees that may apply.