As the month comes to an end, every AP accountant approaches the process with a bit of dread. Tracking down bills from the previous month and closing them out can be a huge pain (and can have you working long hours at the end of the month.) Many of these time consuming tasks can be streamlined by using and AP automation system such as Fidesic AP for GP. If you follow these simple tips you will find your month end runs quite smoothly.
1. Scan invoices as soon as they are received:
Once you’ve got your invoices in a digital form, tracking them down at the end of the month becomes a much easier process. There’s no need to run around the office to track down paper invoices that got stranded on someone’s desk.
2. Run an accrual report compatible with your ERP system
An AP solution like Fidesic allows you to generate an accrual report for all invoices in the system that have not yet made it into your ERP system. Simply run this report and you’re able to import your end of month accrual in just a few simple steps.
3. Find out where invoices are stuck before the month is closed
When you use Fidesic AP for invoice processing you can quickly see where you invoices are at in the approval process. You can easily see who has a pile of invoices pending their approval, and reach out to make sure they make their approvals prior to the month end.
By utilizing these simple ideas and a system such as Fidesic, you’ll be able to close out your month with little more effort than you have to apply throughout the rest of the month.
For more information about Fidesic AP for GP, head over to www.FidesicAPforGP.com or email to sales@enlivensoftware.com.
About Enliven Software
Enliven Software is a leading Lansing, MI Microsoft Dynamics ISV delivering AP and AR business solutions across industries to local businesses for over 15 years. Enliven provides cloud based solutions that help automate Accounts Payable processes, and provide a dynamic Customer portal designed to work specifically with Dynamics GP.
The post 3 Ways to Make Your Month End Closing Run Smoothly appeared first on goERPcloud.