A method and an apparatus for folding paperlike material, such as documents, which may have different quality and length and are conveyed in assembled form or successively in a transport track, said paperlike material having a leading and a trailing edge and being provided with a fold at a location between its leading and its trailing edge by bending the leading edge and the contiguous portion of the material out of the transport track during conveying of the material until the trailing edge reaches a predetermined position and creating a sharp folding edge by bringing the edge to be folded between folding means by a folding blade moving substantially in the transport track.