Bills in Wiplist are used to record supplier costs, ensuring accurate tracking of expenses and helping with budget management. They can provide a structured way to document and verify costs by matching them to corresponding purchase orders. By entering bills into the system, businesses can monitor payments, track committed costs, and maintain up-to-date financial records to support better decision-making.
1. Key Features
Wiplist bills streamline supplier cost management by:
Allowing bills to be entered directly, or linked to a supplier purchase order,
Recording payments to keep financial records organised and up to date,
Attaching bill documents or receipts to maintain a record of supplier transactions,
Locking down purchase orders once a bill has been connected to prevent further changes and ensure financial accuracy.
2. Benefits
Using bills in Wiplist helps businesses by:
Improving financial oversight by ensuring supplier costs are accurately recorded,
Providing a audit trail for improved transparency and record-keeping,
Enhancing budget management by tracking expenses against projected costs.