Process · Invoice to cash

Invoice to cash

Approve eligible billing, apply actual receipts and close the period on reconciled evidence.

Step by step

Prepare invoice Accountant

Accountant drafts billing from unbilled title-transferred scope. Keep the current source and revision with the resulting record.
- Accountant drafts billing from unbilled title-transferred scope.
- Updates Customer invoices, Customer invoice lines
Approve invoice Finance Manager

Finance Manager independently approves the current invoice revision. Keep the current source and revision with the resulting record.
- Finance Manager independently approves the current invoice revision.
- Updates Approval decisions, Customer invoices
ApprovalA person approves before the work moves on.
Record receipt Accountant

Accountant records actual money with bank evidence. Keep the current source and revision with the resulting record.
- Accountant records actual money with bank evidence.
- Updates Cash receipts, Bank statement lines
Apply cash Accountant

Accountant allocates bounded cash and preserves open balances. Keep the current source and revision with the resulting record.
- Accountant allocates bounded cash and preserves open balances.
- Updates Cash applications, Customer invoices
Close period Finance Manager

Finance Manager reviews reconciliations and approves close. Keep the current source and revision with the resulting record.
- Finance Manager reviews reconciliations and approves close.
- Updates Close tasks, Accounting periods, Revaluation runs
ApprovalA person approves before the work moves on.

And how to keep it from happening.

Start free, then use Proto to change fields, steps and approvals before your team goes live.