Paying invoices

The process of paying invoices is often referred to as the cash payment cycle because it includes three required phases: selecting the invoices you want to pay, generating the payments, and posting the transactions to the general ledger. Depending on the agreement you have with your vendor, you might produce checks, a tape, 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. Releasing invoices