This checklist is designed to ensure all financial transactions are properly reviewed and approved before being processed. It helps to maintain financial integrity and compliance within the organization.
Determine whether the transaction is an expense, income, transfer, or adjustment.
Collect all relevant documents such as invoices, contracts, or receipts that support the transaction.
Check that the amounts, dates, and other details on the documents are accurate and complete.
Ensure the transaction is within the approved budget and does not exceed allocated funds.
Route the transaction documentation for approval from authorized personnel as per the organizational policy.
Once approved, enter the transaction details into the financial management system.
Organize and file all documentation related to the transaction for future reference and audits.
Conduct a final check to ensure the transaction complies with internal policies and regulatory requirements.