Invoice Management System has a comprehensive package of solutions and can manage all the financial activities of your company, including salaries, expenses and employee benefits. You do not have to manually maintain separate accounts and payroll records for each of your employees, as they will be included under one master account, with an invoice reminder sent to the individual employee account every time he or she makes a payment.
Invoice Management System automatically processes payments, debits, credits and provides automatic reminders to employees. All the transactions performed by your employees in terms of purchasing and selling are captured by Invoice Management System. This software works on all types of operating systems and can be used on a single PC or multiple computers. You can view your entire payroll data online at your own convenience and make it accessible to any authorized employee or manager. You can even automate the processing of transactions by using Invoice Management System.
With Invoice Management System, you can automate most of your paper-based processes, especially invoicing of purchases made by customers. You can also save money by automating sales reports, inventory calculations and employee benefits calculations. It also helps in making payments to vendors and suppliers. With its help, you can process transactions quickly and efficiently.
Invoice Management System can provide you with complete reports, which can be accessed from any computer with Internet connection. Apart from reporting data, you can also calculate averages of total expenses incurred, tax payable and estimated cash available. You can make use of different invoices, which can be sent to customers, and can calculate their balances. based on the sales data received.
There are many companies which offer Invoice Management System as software. Make sure to do some research before purchasing one.
Invoice Management System is available free of cost to small and medium sized businesses. It is also offered by the Government to promote the development of infrastructure in developing countries.