Accounts Payable | Financial Management
Reverse Charge Bills
A bill from an overseas vendor looks like any other bill until someone remembers the reverse charge. The flag is set at capture, from the vendor's overseas status and the nature of the supply, so the output tax and the corresponding input tax claim are computed together and land on the same return instead of being reconstructed from invoices three months later.
What it does
Inside Reverse Charge Bills.
Connect your books, free. The check runs back over your posted bills and lists the overseas vendors whose invoices were never flagged.
01
Reverse charge flag
02
Both-way posting
03
Partial claim handling
04
Return population
05
FX treatment
06
Audit trail
Where it sits
Part of Accounts Payable.
Invoice Capture Invoices read, coded and validated on arrival, from any channel. Three-Way Matching Invoice, order and receipt reconciled automatically, with tolerances you set. Approval Workflows Authority limits and delegation enforced on the invoice itself. Payment Runs Proposals built from due dates, discounts and available cash. Vendor Reconciliation Vendor statements matched to your ledger, with the gap explained. Duplicate and Fraud Controls Checks that run inside the flow, not as a quarterly review. Goods Received Not Invoiced The liability between the loading bay and the post room, accrued and visible. Prepayments Money paid before the invoice, tracked until it is fully drawn down. Retention A percentage held back per contract, released when the defect period runs out. Vendor Rebates Volume rebates earned as you buy, claimed and tracked until the credit lands. Self-Billing Invoices you raise on the vendor behalf, from what was actually received. Vendor Credits and Debit Notes Credits owed back and claims raised, both applied against what you owe. Recurring Bills Rent, power and retainers raised on schedule rather than remembered. Payment Scheduling Schedule batches by due date. MSME 43B(h) rule enforced. Take early-pay discounts. Bank rails for direct payment. Bank Reconciliation Bank statements imported daily and auto-matched against payments and receipts. Dynamic Discounting Sliding-scale early-pay discounts by days-to-pay. Vendor opt-in. Cash cost calculated per offer. Expense Claim to AP Bridge Approved employee expense claims post as bills with the right vendor, GL and TDS classification.
Run Reverse Charge Bills against your books.
A working session on your structure and a month of your documents.