Internal Controls for Bill Processing

Internal controls for a company's billing process have as their objective the accuracy of billing data, prevention of errors or irregularities, timely processing, separation of duties, and detection of unauthorized transactions. Accuracy is critical in billing. Inaccuracy in an address means a bill gone astray; an inaccurate bill will confuse and delay payment. Errors and irregularities not only send an invoice into the customer's exception queue, they erode confidence in the supplier. When the bill is wrong, customers wonder what else is not right ...