Term
What is invoice processing? Meaning and explanation
Invoice processing is the full process of receiving, checking, coding, approving and booking invoices in the books.
Definition
Invoice processing is the full process of receiving, checking, coding, approving and booking invoices in the books.
Also known as: Factuurverwerking, Facturen verwerken, Invoice processing, Crediteurenverwerking
It starts when an invoice arrives by email, upload or app and ends with a booking in the accounting software and a matched payment. In between the invoice is read, checked for VAT and invoice requirements, coded to GL account, VAT code and cost centre, and approved where needed.
For firms it is the largest block of recurring work. Manually an invoice takes about six minutes; with AI invoice processing it drops to around one minute of review, or none above the confidence threshold. Autoboeker automates it on Exact Online, Twinfield, SnelStart and e-Boekhouden without templates.
Further reading
Related in the knowledge base.
Guides
Automating invoice processing: a step-by-step plan for firms
Automate invoice processing in seven steps: from delivery and recognition to automatic booking on confidence. With pitfalls, KPIs and a checklist.
9 min readRead the guideWorkflowsProcessing purchase invoices: a complete guide for firms
How a firm processes purchase invoices: from intake and recognition to coding, checks, approval, booking and reconciliation. Manual, scanning or with AI.
12 min readRead the guideFundamentalsAutomatic booking with AI: how it works for firms
How automatic booking with AI works: recognition without templates, booking proposals with a confidence score and a threshold that decides what gets booked.
10 min readRead the guide
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