Approving an invoice for payment, Accounting Basics

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What steps would you take before approving an invoice for payment?

Ans) Following steps should be taken..


? Certify the invoice once it is matched for checking any holds..

? If workflow is executed, initiate approval for the invoice. Once the invoice is accepted/Approval not needed (status in case WF is not executed) you can go for payments.

? Make accounting after approval of invoice..

Finally for payments you  require to format, build.

 


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