International Research Journal of Education and Technology

The project is titled as the invoice process for accounts receivables. The aim of this research is to analyse the invoice process method of the company for accounts receivables using various financial tools and techniques to assess the profitability and financial position of the company. The paper describes how the company raises an invoice to its customers. The online invoice process integrates multiple systems and it also helps the companies that send recurring bills to its customers month on month. The pattern describes the various components involved in the process such as creation, validation of invoice, the payment process. It will help the organization to improve the utilization of resources. The company can maintain the records through online portals without redundant entries. The application of invoice process helps the company to manage and send professional invoices to the customers and track the status of payment. The project showcases the analysis for good invoice management by using various tools like debtor's turnover ratio, creditors turnover ratio, average collection period etc. The study is limited to a few numbers of years and employees. The project shows the ways in which the company provides a better service to the clients.