Vendor invoice automation – tracking the invoice received date
Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned
|Enabled for||Public preview||General availability|
|Users by admins, makers, or analysts||Nov 6, 2020||Jan 2021|
Tracking the date that an invoice was received lets accounts payable professionals analyze the amount of time it takes to process a vendor invoice. The date received provides a measurement of the efficiency in the organization, based on how long it takes from the time the invoice arrives until it's posted. Effectively managing the time it takes to process an invoice can help lead to more timely invoice payments.
The invoice received date is the date that the company received the invoice from the vendor. It provides a starting point for tracking the invoice's progress.
The invoice received date can be included in the imported data for a vendor invoice. For invoices that were created manually, you can specify the invoice received date. If the received date isn't entered, the date will default to today's date.