This checklist ensures that all financial transactions are properly reviewed and approved before processing to maintain financial integrity and compliance.
Gather all necessary documentation related to the financial transaction, including invoices, contracts, and receipts.
Check that all documentation is complete, accurate, and aligns with company policies before proceeding.
Submit the transaction details to the supervisor for an initial review and to confirm it meets approval thresholds.
Ensure that all required approvals are secured from relevant stakeholders before further processing the transaction.
Record all approvals and maintain a clear audit trail for each transaction in compliance with internal controls.
Once all approvals are obtained, proceed to process the financial transaction in the accounting system.
Inform all relevant departments of the completed transaction for their records and further actions.
Ensure all transaction documentation is archived correctly for future reference and compliance audits.