Process Project Invoice

1.0 Introduction

Processing project-related invoices involves several essential steps to ensure accuracy and efficiency in financial management. It begins with the timely receipt of invoices, which should be checked for correctness, including vendor information, pricing, and compliance with purchase orders. Invoices must then undergo an approval process, with designated individuals ensuring adherence to payment terms and proper account coding. Maintaining a record of invoices, resolving disputes promptly, and securely storing financial data are integral parts of this process. By following these rules and embracing electronic invoicing when suitable, organizations can streamline project-related invoice processing, enhancing financial transparency and overall project management.

2.0 The procedure

Purchaser Initial Steps

Enter the invoice into the purchase order system

Is the invoice more that the purchase order amount?

yes. you will need to take action here.

Do you want to reject the invoice or proceed with it?

Reject

Advise the supplier of the rejection

Make a note in the purchase order system about the rejection

End of Procedure

Proceed

You will need to issue a new purchase order to account for the difference.

no. you can proceed to the project manager approval.

attach the purchase order(s) for the invoice and complete the coding form

you can now pass the invoice forward for approval

Project Manager Approval

Is the invoice valid?

yes. you can accept the invoice

is the invoice above your sign off limit?

yes. you will need to get this approved.

no. you can proceed to finalisatation

no. reject the invoice

End of Procedure

Sign Off Authority

Is the invoice valid?

Yes. Accept the invoice and send to finalisation

no. reject the invoice.

Finalisation

File the paperwork

attach all the documents to the electronic form and go home.

End of Procedure

3.0 Subprocedure - Enter the invoice

Perform these steps to enter the invoice

a
b
c
a

Fill in this thing

b

Go to this tab and do something

c

Go to the payment tab.

d
d

Check the details before proceding