Circular on Implementation of Invoice Register and Online Payment Tracking

Abstract

The circular on the Implementation of invoice register and online payment tracking provides guidelines and instructions for the adoption and utilization of an invoice register and online payment tracking system. This circular aims to enhance transparency, efficiency, and accountability in financial transactions by implementing digital solutions for invoice management and payment tracking. It outlines the key steps and requirements for setting up and maintaining an invoice register, including capturing invoice details, verification processes, and record-keeping. The circular also highlights the benefits of online payment tracking, such as real-time monitoring, audit trail capabilities, and improved financial reporting.