Financial Transaction Approval Checklist ( FINANCE )

This checklist ensures that all financial transactions are properly reviewed and approved before processing to prevent errors and fraud.

• Verify Transaction Details

  Check that all transaction details are accurate, including amounts, dates, and involved parties.

• Check Supporting Documents

  Ensure that all necessary supporting documents (invoices, contracts, etc.) are attached and are valid.

• Review Against Budget

  Confirm that the transaction aligns with the approved budget and does not exceed allocated funds.

• Obtain Required Approvals

  Send the transaction for approval from designated authorities as per the approval matrix.

• Record Transaction in System

  Once approved, accurately record the transaction in the financial system for tracking.

• Communicate with Stakeholders

  Notify relevant stakeholders about the transaction, including any follow-up actions needed.

• Conduct Post-Transaction Review

  After processing, review the transaction to identify any discrepancies or areas for improvement.