Invoice Processing Workflow

Invoice Processing

Invoice Processing Workflow

Steps of Invoice Processing Workflow

  • Invoice Reception
  • Invoice Validation/Approval
  • Invoice Payment

Invoice Reception

  • Printed/Handwritten Invoice received manually/via courier/mail
  • Printed/Handwritten/Scanned Invoice received electronically via email/fax or some other electronic medium
  • Invoice directly submitted by the supplier in the invoice portal
  • Data entry via computer or mobile device (by accounts staff or directly by the supplier)
  • Digital capture via camera, scanner using OCR

Invoice Validation/Approval

  • Invoice Validation
  • Invoice Approval

Invoice Validation

Invoice Approval

Invoice Payment

  • Cash payment
  • Cheque issuance
  • Account adjustment
  • Through some connected payment gateway

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
InvoiceMate

InvoiceMate

Partner for Trusted & Efficient Invoice Management