what does it mean when an invoice has been posted
Invoice processing Once the invoice has been approved and there have been no variances, the invoice is posted into the accounting system.[1][2][3][4]
Work in process Work in process (WIP),[1][2][3][4] work in progress (WIP),[5][6][7] goods in process,[1] or in-process inventory are a company's partially finished goods waiting for completion and eventual sale or the value of these items.[8] These items are either just being fabricated or waiting for further processing in a queue or a buffer storage. The term is used in production and supply chain management.