Invoice Entry

Depending on the needs of the organization, you can enter invoices using these methods:

  • Standard invoice entry. This method provides the most flexibility and options.

  • Speed invoice entry. This method provides less flexibility and fewer options than standard invoice entry. However, it provides a quicker way of entering invoice and general ledger information.

To help determine which method of invoice entry you should use, consider these advantages and limitations of standard and speed invoice entry:

Invoice Entry Method

Advantages and Limitations

Standard invoice entry

You can:

  • Create installment payments.

  • Use multiple pay items.

  • Set up recurring invoices.

  • Modify, delete, and void invoices.

  • Use and create model journal entries.

  • Override the G/L offset.

You cannot enter invoices as quickly because you use two forms to enter invoice and G/L distribution information.

Speed invoice entry

You can:

  • Use one entry program to enter both invoice and G/L distribution information.

  • Enter limited invoice information quickly.

You cannot:

  • Create installment payments.

  • Modify, delete, or void invoices.

  • Set up recurring invoices.

  • Enter more than one pay item per invoice.

  • Create or use model journal entries.

  • Override the G/L offset.