Invoices from your Vendors can be entered into RedTeam and routed electronically for approval based on the Approval Workflow that is set up in the Configuration menu. Users that are part of this Workflow will be able to review and approve the Invoices from their Inbox. The status of Invoices and their approvals can be tracked in a particular Project from the Buyout tab (Manage Vendor Invoices) or for the overall company across all Projects from the Vendors menu (Invoices tab).
If you are using the RedTeam and QuickBooks Online Connection, Invoices that are entered and committed in RedTeam will automatically be sent to QuickBooks. These Invoices will appear in QuickBooks with a temporary status called "Pending Approval" until the Invoice is completely approved and executed in RedTeam. Once executed, the status in QuickBooks will be updated and the Vendor can be paid. Payments made from QuickBooks will be sent back to RedTeam to update the Invoice and show the status as paid.
If you are not using the RedTeam and QuickBooks Online Connection, Invoices are entered, committed, and executed via the same process, but the information must be then entered into your accounting system to pay the Vendor, and then that information is manually input back into RedTeam once the Vendor has been paid.
Procedure Last Updated 01/15/2021 @ 17:40