The Accounts Payable Invoice Approval Process is a formal process used by businesses to make sure that all invoices are accurate, reasonablly priced and comply with company policies. The process begins when an invoice is received for payment. After the invoice has been reviewed for accuracy, it must then be approved by the relevant stakeholders in the organization. If the invoice is approved, it will then be processed for payment. This critical process helps ensure that all invoices submitted to the business are correct, reasonable and compliant with the company’s policies—saving time and money in the long run.