What happens if the introduction of the invoice system is postponed? schedule The invoice system can be a heavy burden for business operators. If the introduction of the invoice system is postponed in the future, what kind of impact will it have? Next, we will discuss two possible effects. As the company grows and the number of business partners increases, invoice management becomes more difficult. When invoices are managed using paper or Excel, it is not uncommon for them to take up space and take time to manage. This article introduces the basics of invoice management, points to note, and how to choose an invoice management tool.
If you are having trouble managing monthly invl Cambodia phone number list doices and want please refer to it.-The basis of invoice management is to sort and store them properly. First, divide your invoices into two categories. One is the invoice received from the customer, and the other is the copy of the invoice issued by the company. If you put them all together, you may not notice the non-payment or the payment deadline may have passed.
In some cases, it can also affect the company's credibility. Keep copies of invoices received from business partners and copies of invoices issued by your company separately so that anyone can easily check them. 2. Invoices have an expiration date legal period The retention period for invoices received from business partners is, in principle, 7 years for corporations and 5 years for sole proprietorships. [Note 1] [Note 2] There is no need to keep invoices issued by your company, but you are obligated to keep them if you issue a copy. [Note 3] Invoices are important proof that money has been transferred. At least 5 years, and in some cases 10 years in some cases.