Invoicing Procedure is the set of steps companies use to record and manage payments for goods or services. It involves creating invoices, tracking their status, and issuing payment reminders. Invoicing Procedure helps businesses stay organized, maintain financial records, and optimize cash flow. When followed correctly, it ensures that customers receive timely and accurate billing statements, vendors are paid on time, and all payments are tracked. Keeping a clear and organized Invoicing Procedure is key to running an efficient business.