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Who Should Approve Invoices For Payment

oboloo Glossary

Who Should Approve Invoices For Payment

Who Should Approve Invoices For Payment? The answer is simple: anyone responsible for validating, verifying, and authorizing payment. This could include the accounts payable team, management or a CFO. Regardless, the person approving invoices must have a clear understanding of what’s being paid for, its cost, and whether it meets with the company’s spending policies. By having the right people involved in invoice approval, you ensure that the transaction is done correctly and efficiently. Get this process right and you’ll be rewarded with accurate record-keeping and smoother payments for vendors.

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