Invoice Approvals is the official business process of verifying and approving invoices for payment. It is a critical part of the Accounts Payable process and involves verifying that the invoice is accurate and that the goods or services have been received. Invoice Approvals involves verifying the accuracy of the invoice, including the amount, the description of the goods or services, and the vendor information. It also involves verifying that the goods or services have been received and that the vendor is authorized to do business with the company. Once the invoice is approved, it is then ready for payment. Invoice Approvals is an important process that helps to ensure that companies are not overpaying for goods or services and that they are paying the correct amount to the correct vendor.
