Table of Contents

Chapter 1 - Getting Paid Faster. 7

Send the Invoice to the Right Place. 7

Create an accurate invoice. 8

Include the name of the person who placed the order. 8

Include the name of the entity who the check should be made out to. 8

Include the name, email address and phone number of the billing professional on the invoice. 9

Include the Purchase Order Number or other reference on the invoice. 9

Include the invoice date prominently on the invoice. 9

Include the due date conspicuously on the invoice. 10

Use unique invoice numbers on all invoices. 10

Don’t put critical information in small print. 10

Limit calls to your customers’ accounts payable departments to those times when a payment is truly past due. 11

Follow all special instructions requested by your customers’ accounts payable group. 11

Make sure you line items match what was on the purchase order. 12

Make sure your packing slip, also called the receiving document, is accurate. 12

Resist the temptation to send the invoice before the goods are shipped. 12

Double and triple check the sales tax to ensure it is accurate. 12

Email the invoice to the address provided in the Welcome Letter. 13

Additional Tips. 13

Concluding Thoughts. 18

Chapter 1 Review Questions. 19

Review Questions Explained. 20

Glossary. 22

Index. 23

Final Examination. 25

CPASelfstudy.com Course Evaluation. 26