If an invoice is not approved, what will happen
If an invoice is not approved, it will be considered as a disputed invoice. The payment process for the disputed invoice will be put on hold until the issue is resolved. The invoice will be sent back to the supplier with a reason for rejection and a request for correction. The supplier will need to make the necessary changes and resubmits the invoice for approval. Once the invoice is approved, the payment process will resume. In case the invoice cannot be resolved, it may be cancelled or adjusted in the books of accounts. It is important to resolve disputed invoices in a timely manner to avoid delays in payment and maintain good business relationships with suppliers. Invoice approval process is considered as a legal process.
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