What are the common errors to watch out for during invoice processing?

Being aware of common errors during invoice processing helps in reducing discrepancies and delays.

  1. Incorrect data entry, especially in key fields like amounts, dates, and vendor information.
  2. Misalignment or errors in distribution splits that do not sum to the invoice total.
  3. Overlooking required fields which may lead to processing delays or rejections.
  4. Ensure regular audits and checks are in place to quickly identify and correct these errors.