1Document
Draft invoice or bill with commercial detail.
2Control
Review status, due date, account mapping, and approval.
3Posting
Balanced journal is created only in an open period.
4Settlement
Receipts and vendor payments are allocated to documents.
5Reconciliation
Bank movement is matched to finance evidence.
6Close
Checklist is completed before the period is locked.
7Reporting
Ledger, P&L and aging remain traceable to source documents.