This checklist ensures that all financial transactions undergo a thorough approval process to maintain accuracy, accountability, and compliance with financial policies before execution.
Start the transaction process by filling out the transaction request form with all necessary details.
Send the transaction request to your immediate manager for initial review and approval.
Ensure all relevant supporting documents (invoices, contracts, etc.) are attached to the request.
Forward the approved request to the finance department for further examination and budget availability check.
Obtain final approval from the finance director before processing the transaction.
Upon receiving all approvals, proceed to execute the transaction.
Conduct a review of the transaction to ensure compliance and correctness after execution.
Ensure all documentation related to the transaction is filed and stored securely for future reference.