The invoice-to-cash process describes the path from invoice to a collection. It consists of a series of steps taken after your organization issues an invoice until the final payment is received, including:
Invoice;
Warning;
Collection ;
Safety standards;
Records in accounting;
Reconciliation;
disputes and litigation.
The invoice receipt cycle is the EIPP process. You issue invoices, send them to customers, collect them, and then send them back to accounting for reconciliation with the original and any changes made. Includes billing, account management, payments, and billing to maximize the collection of unpaid invoices.