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- Furniture ERP
- Process
- Invoice to close
Invoice to close
The process follows one source case across teams. Invoice the first delivered portion of an order, then receive a partial payment. Keep the rest of the invoice open and the unapplied receipt amount explicit. Reconcile the bank line and open close tasks before the Finance Manager approves the period decision. Each owner should be able to find the prior approved record and the actual result before moving work forward.
Step by step
-
Prepare invoice Accountant
Accountant takes this step. Use title-transferred eligible quantity.
- Use title-transferred eligible quantity
- Updates Customer invoices, Customer invoice lines
-
Approve invoice Finance Manager
Finance Manager takes this step. Review amount, tax, rate and open period.
- Review amount, tax, rate and open period
- Updates Customer invoices, Approval decisions
ApprovalA person approves before the work moves on. -
Record receipt Accountant
Accountant takes this step. Preserve actual cash and bank evidence.
- Preserve actual cash and bank evidence
- Updates Cash receipts, Bank statement lines
-
Apply cash Accountant
Accountant takes this step. Allocate within available unapplied and outstanding amounts.
- Allocate within available unapplied and outstanding amounts
- Updates Cash applications, Customer invoices
-
Close period Finance Manager
Finance Manager takes this step. Review reconciliation before close.
- Review reconciliation before close
- Updates Close tasks, Accounting periods, Approval decisions
ApprovalA person approves before the work moves on.
Who does what
Roles and permissions- Accountant
- , Finance Manager own the staged actions and reviews.
- Admin
- Configures access without taking their approval authority.
Set up Furniture ERP your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.