Processing & Paying Invoices in AP

1. AP receives invoice from vendor
    

2. Invoice is date/time stamped
    

3. PO# is identified
    

4. All invoices are sorted alphabetically
    

5. AP searches Purchasing system to identify department
    

6. AP scans invoices in batch by department
    

7. AP e-mails scanned invoices to department for approval (original invoices are retained in AP)
    

8. Departments review and respond with approved invoices via email
    

9. AP prints out email approval and attaches this copy to the original invoice
    
    

10. Accounting Specialist inputs invoice payment via AP Voucher
     

11. AP vouchers are selected when pay cycles are run
     

12. Checks are printed and mailed and the cycle begins again
     

13. AP currently runs pay cycles three times a week (M,W,F)
     

14. AP Vouchers must pass al necessary PS payable processes before being selected for a pay cycle.
    
    

15. Currently, all vouchers are being processed as 'due immediately' and are usually mailed the same day the checks are printed.

Additional Notes:

AUTOMATIC PAYMENTS

Any PO's issued for products/services where billing is usually scheduled (monthly, quarterly, etc.) and is always the same monetary amount are paid on initial receipt of the invoice by the AP staff.

A copy of the "paid" invoice(s) is sent to the department for their records after payment has been made.

FINALIZING FREIGHT

When there is a clear indication that a PO is complete, and the amount of the freight line is greater than the freight amount on the invoice, AP will finalize the vouchered line. (i.e. if a PO is set for $1,000.00, the merchandise is $950.00 and the freight is $50, but the invoice received is $950.00 for merchandise and $25.00 for freight). Please note that AP can only finalize a freight line when there is voucher activity. If the PO has a line for freight, but the vendor does not bill for freight, AP cannot finalize. The department must request cancellation by Purchasing.