How do invoice approvals work in Portfolio Financials?
NoteThis information is intended for accounts with Portfolio Financials product in Procore. Please reach out to your Procore point of contact for more information.
Invoice approvals can be set up in the following two ways:
- The invoice must always approved by someone.
- The invoice must only be approved by someone if it exceeds a certain dollar threshold.
After the workflow is set up and an invoice is submitted, it is automatically set to 'Pending'.
After clicking Set Up Approval, you will be prompted to set up the approval package for review by those in the invoice approval workflow.
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Step 1: Set Up the Package
When setting up the package for invoice approvals, you can add comments or recommendations in the text box.
Step 2: Review Approvers
In this step you need to review the approvers in the workflow.
Step 3: Review and Send
After you have reviewed the package and approvers, click Send for Approval.
After the invoice has been sent for approval, the first approver will be notified by email. From there, they can either approve the invoice (prompting an email to the next reviewer) or reject it (sending it back to the original sender).