A sheet-like material processing apparatus is provided with a pre-processing section and a post-processing section. In the pre-processing section, the sheet-like material set in the supply section is taken out sheet by sheet and those taken-out ones are sorted, by an inspecting device, into at least two kinds of sheet-like material. A transfer/sorting device physically sorts those sheet-like material on the basis of the sorting by the inspection device. The sorted sheet-like material are separately collected each for a given number of the sheet-like material by a sorting and collecting device, and then are bundled by a sheet bundling device. A transfer device transfers the given number of the bundled sheet-like material. Of those sheet-like material transferred by said transfer device, the unreusable ones are invalidated by an invalidating device.