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How to Switch Your Invoicing System to Statement

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Written by Assist EzriRx
Updated over a year ago

EzriRx now allows you to switch your invoicing system from being billed for each invoice to payment them at once via Statement. Switching your invoicing system to be billed via Statement at the end of the month can simplify cash flow by consolidating multiple payments into one. It also helps align your payment processes with those of your wholesalers. Instead of having many smaller payments throughout the month, merge them into a single total. Here’s how you can easily make the switch through your account settings.

What You Need to Know

You can request end-of-month billing or choose to be billed on the tenth day of the following month. This flexibility can help you better manage your cash flow and financial planning.

Steps to Switch to End-of-Month Billing

  1. Log in to Your Account

  2. Go to My Account and click on Wholesalers:

  3. Select Credit and Terms of Policies:

  4. Select Invoicing system:

    In the Invoicing System section, switch from Terms to End of the Month Statement.

    Then, request to be billed at the end of the month or on the tenth day of the following month.

  5. The wholesaler will review your request and either approve or decline it.

    If your request is declined, please contact us. We will help you understand the reason for the decline and work with the wholesaler to ensure they understand the system.

You can also watch the whole process in the video below to see each step in action.

Managing Open Invoices and Statements

Understanding how to navigate open invoices and statements is crucial for managing your accounts payable. Here’s how you can efficiently manage your invoices and statements:

  1. Go to your Open Invoices section by click on the number of open invoices displayed:

  2. The system defaults to showing Statements, click on View Statements to see the invoices included in each statement:

  3. You can click on individual invoices to view or pay them. You can also remove an invoice from a statement and turn it into a regular invoice.

  4. Alternatively, you can select all invoices by click in Order and pay the entire statement at once by click in Pay Statement.

  5. In addition, you can download a Detailed Statement or a Regular Statement for enhanced visibility into all your transactions.

    This feature helps you consolidate payments and manage your accounts more effectively.

By following these steps, you can switch your invoicing system to end-of-month billing and manage your invoices and statements more efficiently. This change will help you streamline your financial processes and improve your accounts payable management.

If you have any questions or need further assistance, please do not hesitate to contact us.

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