Financial Transaction Approval Checklist ( FINANCE )

This checklist is designed to ensure all financial transactions are properly approved before processing. It covers the necessary steps to validate and authorize each transaction, thereby maintaining financial integrity and compliance.

• Initiate Transaction

  Begin the transaction process by filling out the required transaction form, ensuring all necessary details are included.

• Attach Supporting Documents

  Gather and attach all relevant supporting documents, such as invoices, contracts, or receipts, that justify the transaction.

• Review Transaction Details

  Conduct a thorough review of the transaction details to verify accuracy and completeness before submission.

• Obtain Initial Approval

  Send the transaction form and supporting documents to the immediate supervisor or manager for initial approval.

• Escalate for Further Approval

  If the transaction exceeds a certain threshold or is of significant importance, escalate it to higher-level management for further approval.

• Record Transaction in System

  Once approved, enter the transaction details into the accounting or finance system to maintain accurate records.

• File Documentation

  File all documentation, including the approved transaction form and supporting documents, in a designated location for future reference.

• Conduct Post-Transaction Review

  Periodically review completed transactions to ensure compliance with policies and identify areas for improvement.