The Invoice Auto-Approval Threshold
Invoice Auto-Approval Threshold is a feature in Latchel that streamlines the invoice approval process for property managers. It allows property managers to set a threshold amount, and any invoices below this threshold are automatically approved, saving time and effort. With this feature, property managers can ensure timely payment for smaller invoices while maintaining control over larger expenditures.How to Set up the Invoice Auto-Approval Threshold
Open Account Settings
On the Latchel portal, click the account icon dropdown and select Account Settings.
Go to the Payment Settings tab
From here, click the Payment Settings tab, and scroll down to the “Payment Settings” section.
Click the threshold field
To add an amount, simply click on the empty space. If it already has a value, as shown in the example below, just click on the number, and it will become active for updating.
Click Save
Click Save after making the changes.
Latchel records every change to Service Provider Payment Settings in the company, portfolio, and property activity logs, including who made the change and when. For example: “Preferred Service Provider Payments: Off -> On”. This covers Preferred Service Provider Payments, Latchel Service Provider Dispatch & Payments, the Latchel Vendor Network toggle, and the invoice auto-approval threshold.