Academia
Diploma thesis 2023Accountinganaliziranje · digitalizacija. · e-računi

Challenges of e-invoices and cost centre accounting

By using e-invoices, a company can improve its business processes and increase productivity and efficiency.

Antonela MarčetaEkonomist · module Računovodstvo · supervisor dr. Andreja Terpotec · defence november 2023
In brief

The project in five facts.

AuthorAntonela Marčeta
Supervisordr. Andreja Terpotec
ModuleAccountingEkonomist
Employer / clientAcademia
Year2023november 2023
About the project

Challenge, approach and results.

In the diploma thesis, the challenges of e-invoices and cost centre accounting are addressed. By using e-invoices, a company can improve its business processes and increase productivity and efficiency. Professional literature was used for writing the diploma thesis. The concluding research of the diploma thesis summarises the key findings and emphasises the importance of e-invoices for modern business. Guidelines are also presented for those considering the introduction of e-invoices, and recommendations for the successful implementation of this digital process.

Problem

In the diploma thesis, the challenges of e-invoices and cost centre accounting are addressed. By using e-invoices, a company can improve its business processes and increase productivity and efficiency.

Solution and method

Professional literature was used for writing the diploma thesis. The purpose of this is to provide a solid theoretical foundation for understanding the concept of e-invoices and cost centres. All data are taken from the annual report for 2022, as costs were analysed and compared with 2021.

The cost centres used in the company are described, including the method they use for costs. The diploma thesis contains several key chapters, for example the presentation of cost centres in the company and cost analysis. The topic of e-invoices and digitalisation in the organisation is also presented.

Examples are also provided in these chapters. The main interest was in how the exchange of e-invoices works in the company. The basic concepts of e-invoices, their advantages and role in the digital age are presented.

Results

The concluding research of the diploma thesis summarises the key findings and emphasises the importance of e-invoices for modern business. Guidelines are also presented for those considering the introduction of e-invoices, and recommendations for the successful implementation of this digital process. The procedure for settling received invoices is described, particularly the amount of manual entry, and proposals for moving towards the complete introduction of e-invoices.

Digitalisation also has an impact on the use of e-invoices, where numerous advantages of today's modern technologies come to the fore. Digitalisation increases the efficiency of the invoice exchange process. The transition from traditional invoices to electronic form enables reliable and faster exchange between business partners.

E-invoices can be automatically processed and posted, which reduces the need for manual data entry. This contributes to faster settlement and improves control over financial flows. Today's digitalisation also enables the storage of e-invoices in the cloud or on secure servers, which prevents loss of documentation and damage due to natural disasters.

It also simplifies the posting process and ensures better traceability, which has a positive impact on financial management and the reduction of administrative burdens for companies.

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Diploma thesis

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Module Računovodstvo

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