This checklist ensures that all financial transactions are properly approved before processing to maintain integrity and compliance within the financial operations of the organization.
Ensure that the transaction request is initiated by the authorized personnel with all necessary details.
Verify the transaction details against supporting documents to ensure accuracy and completeness.
Forward the transaction request to the necessary approvers based on the financial delegation of authority.
Collect and document all approval signatures or electronic approvals for record-keeping.
Once all approvals are obtained, proceed with the processing of the financial transaction.
Inform relevant stakeholders that the transaction has been processed and provide any necessary documentation.
Ensure that all related documents and approvals are filed appropriately for future reference and audit purposes.