Ever wondered what is an invoice payment and why it is fundamental to any business? An invoice payment is a payment for goods or services made after receiving an invoice from a supplier. Properly handling invoice and payment details ensures that businesses have good cash flow and that they do not incur late payment penalties. It doesn't matter how the invoice is paid (bank transfer, online payment or check), tracking the due date is crucial. An invoicing process that is reliable and effective will help to establish better relationships with suppliers and facilitate daily business operations.