Invoice to close

Step by step

1. Prepare invoice Accountant

   Accountant uses eligible title scope and an open entity period.

   • Capture eligible billed quantity
   • Updates Invoices, Invoice lines

2. Approve invoice Finance Manager

   Finance Manager independently approves the exact amount and current revision.

   • Authorize current revision
   • Updates Invoices, Approval decisions
   ApprovalA person approves before the work moves on.

3. Apply cash Accountant

   Accountant allocates actual customer cash within available unapplied and invoice scope.

   • Consume actual receipt scope once
   • Updates Cash receipts, Cash applications

4. Release payment Finance Manager

   Finance Manager authorizes a supplier run with its protected beneficiary snapshot.

   • Authorize protected instruction
   • Updates Payment runs, Payments, Approval decisions
   ApprovalA person approves before the work moves on.

5. Reconcile close Finance Manager

   Accountant completes source tasks; Finance Manager approves the period decision.

   • Review cutoff evidence
   • Updates Close tasks, Accounting periods
   ApprovalA person approves before the work moves on.

Accountant

And Finance Manager.

Each person works within the relevant entity and assigned scope; an independent approval requires a different eligible person.