Paying invoices

The process of paying invoices is often referred to as the cash payment cycle.

This list shows the required phases of the cash payment cycle:

  1. Selecting the invoices to pay
  2. Generating the payments
  3. Posting the transactions to the global ledger

Depending on the agreement that you have with your vendor, you can produce checks or an electronic file. Invoices must be released before you can schedule them for payment. Invoices that require payment approval must also be approved before they can be scheduled for payment.