Online Billing Software, Features: User Friendly

General Details

Description

Online Billing Software is an internal business function responsible for managing documents from vendors or suppliers. Invoices represent a source document in accounting. Source documents outline specific information relating to a financial transaction. Vendors usually provide outside services such as maintenance, utilities, office supplies, or advertising to businesses. Suppliers represent companies who provide businesses with economic resources. Economic resources include the raw materials and direct labor needed to produce consumer goods or services. Companies use invoice management processes to ensure vendors and suppliers receive payment in a timely manner.A common invoice management process is the three-way match system found in accounts payable functions. Purchase orders represent the company’s internal information that provides individuals specific authorization to purchase items from vendors or suppliers. Two copies of purchase orders usually exist in a business. One is sent to the vendor or supplier and one is retained in the company’s accounting department. This document comes into play later on during the invoice management process.We have successfully delivered IMS to WiFi-Soft and for some other small-scale companies.The starting price for IMS is around INR 20,000/- and more.