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- Plastics ERP
- Process
- Invoice, cash and close
Invoice, cash and close
Finance Manager approves a customer invoice only for eligible title-transferred and unbilled quantity. Accountant records actual received cash, applies available unapplied value, and reconciles source tasks. Finance Manager then reviews the entity close.
Step by step
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Approve invoice Finance Manager
Finance Manager reviews title-transferred billable scope.
- Finance Manager reviews title-transferred billable scope.
- Updates Customer invoices, Approvals
ApprovalA person approves before the work moves on. -
Post receipt Accountant
Accountant records actual customer cash and bank evidence.
- Accountant records actual customer cash and bank evidence.
- Updates Cash receipts, Bank statement lines
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Apply cash Accountant
Accountant allocates only available unapplied cash.
- Accountant allocates only available unapplied cash.
- Updates Cash applications, Customer invoices
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Reconcile Accountant
Accountant completes source reconciliations.
- Accountant completes source reconciliations.
- Updates Close tasks, Journal entries
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Close period Finance Manager
Finance Manager approves the guarded entity close.
- Finance Manager approves the guarded entity close.
- Updates Accounting periods, Approvals
ApprovalA person approves before the work moves on.
Who does what
Roles and permissions- Accountant
- Prepares invoices, cash applications and close tasks.
- Finance Manager
- Independently approves invoice release and the entity close.
- Warehouse Operator
- Supplies actual delivery evidence; Sales Representative follows the open dealer balance.
Set up Plastics ERP your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.