Invoice processing in accounts payable is the process of receiving and managing invoices from vendors. It’s an important part of any business, as it ensures that all bills are accounted for and paid on time. The process starts by verifying the accuracy of each invoice, followed by entering relevant information into a system before finally approving payment. To maximize efficiency and minimize errors, companies often utilize specialized software for their invoice processing needs. With careful management and proper use of technology, invoice processing can be a seamless operation that allows businesses to better manage their finances.