Invoice to close

Step by step

1. Prepare invoice Accountant

   Claim eligible title-transferred, unbilled scope. Accountant owns this stage.

   • Claim eligible title-transferred, unbilled scope.
   • Updates Invoices, Invoice lines, Sales allocations

2. Invoice approval Finance Manager

   Approve document basis independently. Finance Manager owns this stage.

   • Approve document basis independently.
   • Updates Invoices, Approval decisions
   ApprovalA person approves before the work moves on.

3. Apply cash Accountant

   Allocate actual receipt within available balance. Accountant owns this stage.

   • Allocate actual receipt within available balance.
   • Updates Cash receipts, Cash applications

4. Reconcile Accountant

   Review bank and source cutoff evidence. Accountant owns this stage.

   • Review bank and source cutoff evidence.
   • Updates Bank statement lines, Close tasks, Journal entries

5. Close period Finance Manager

   Approve valuation and controlled close. Finance Manager owns this stage.

   • Approve valuation and controlled close.
   • Updates Accounting periods, Revaluation runs
   ApprovalA person approves before the work moves on.

Accountant

, Finance Manager.

Accountant

Coordinates the handoff and keeps the operating case ready for review.