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Consolidated invoice: definition and benefits

The Consolidated invoice brings many individual items together in one document. This entry explains the term and its link to checking.

Key facts

Bundles several assignments or providers in one invoice.
Substantially reduces the number of documents.
Raises the demands on invoice verification.
Needs clean assignment and time data per line.

Definition and classification

A Consolidated invoice bundles several individual services – assignments of several workers or of several providers, for example – in a single invoice. That reduces the number of documents but shifts the complexity into the checking.

Consolidated invoices and invoice verification

Many bundled lines have to be reconciled individually with assignment and time data . Automated Invoice verification plays to its strength here: it checks every line against the agreed ratesinstead of only taking samples.

Frequently asked questions

What is the advantage of a consolidated invoice?

Fewer documents and less administrative effort – instead of many individual invoices there is one bundled document per billing period.

Where does the risk with consolidated invoices lie?

In the number of bundled lines: without automated reconciliation against the assignment data, errors easily go undetected.

Related terms

Invoice verification Hourly rates Cost center

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