Streamlined Invoice Processing Workflow

Master the art of invoice processing with our detailed workflow chart, designed to guide accounts payable teams from the initial review to the final payment. Starting with mailing the invoice to the accounting department, our chart provides a step-by-step process for ensuring compliance, with checkpoints for departmental approvals and bank detail confirmation. The workflow allows for the invoice to be returned, placed on hold, or moved forward for payment. It includes protocols for action in case of overdue invoices, ensuring timely settlements and maintaining healthy financial operations. This guide is vital for finance professionals looking to optimize their invoice handling procedures and avoid delays in payments.

Edited at 2022-06-13 06:35:46