Understanding Invoice Processing and Collections

Understanding Invoice Processing and Collections

Invoice processing and collections are essential to maintaining cash flow for JLL. Here's how the process works:

1. Invoice Generation:

After services are rendered, generate a detailed invoice using the accounting software, ensuring all services and charges are accurately listed.

2. Client Verification:

Verify the invoiced amounts with the client to confirm accuracy before proceeding to collections.

3. Collections Process:

Initiate the collections process by sending the invoice to the client with clear payment terms. Follow up as necessary to ensure timely payment.

4. Payment Confirmation:

Once payment is received, confirm the transaction in the system and send a receipt to the client.

Understanding the invoice processing and collections process is crucial for maintaining financial stability and client trust.