Outstanding invoice register for accounting
Outstanding invoice register / records are maintained to identify due invoice amounts of sold materials to customers to accounting for further actions.
In the accounting management, outstanding invoice register or outstanding invoice records are established and maintained for identify due invoices and its considered receivable amounts from customers against billed for sold materials to customers and records are considered for managing due invoices against each bill generated against sold materials are managed by accounts, account department is considering all the due invoices for communicate with customer for billing and pending invoices amounts by requesting to customer, payment reminder letters, due invoices list sending and reminding to customers. Outstanding invoice register / records are established by accounting department for managing each invoices for account purpose, and managing financial balance accurately. Account department is collecting all the invoices from sales / dispatch department and managing account for each customer with invoice, when any invoice is identified as pending payment that accounting department is sending emails or any letter to customer for reminder of payment to customer pay immediately pending invoices. The records are managed accordingly and conducted regular basis for managing daily invoices.
Outstanding invoice records are maintained by accounting department and responsible for conducting information, data from sales / dispatch department to managing each invoice details in accounting & for identification of the pending payment invoices to collect payment from customers. The records are maintained in the format is the outstanding invoices records, see picture below given as example format of outstanding invoices record for education purpose:
Outstanding invoice record is maintained and update as per payment collection and new updates from sales department as invoices are generated during the period, so its important that regularly monitoring on each invoices and due date of the payment can helps to determine for further communication with customer for payment transitions. The outstanding invoices records are managed all concern information of customer, payment mode, in case customer had advanced amount are also considered and pending amounts on due date are considered, in some cases that as per terms and conditions, company can terms the penalty on late payment but its all depends on sales contract with customers. Overall outstanding invoice record is important part of the accounting system and needs to daily monitoring for due date to conducting due invoices for reminding and communication with customers.
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Outstanding invoice record
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