Accounting · Odoo glossary
Invoice Processing
Invoice processing is the receipt or creation, verification, approval and accounting of an invoice.
Definition
In general ERP practice
Invoice processing is the receipt or creation, verification, approval and accounting of an invoice. It establishes who owes what and why, before payment or collection completes the cycle.
In Odoo
Odoo customer invoices and vendor bills move from draft review to posted entries. Vendor bills may be created from purchase orders, and received-quantity controls help verify billing. Posting an invoice and paying it are separate events.
Official Odoo documentation
The Odoo-specific explanation above is based on the documentation for Odoo 19. Features and workflows can differ in other versions.
Related glossary terms
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