Expense Management Review Checklist ( FINANCE )

This checklist is designed to ensure that all expenses incurred by the organization are reviewed, verified, and processed accurately to maintain financial integrity and compliance.

• Collect All Expense Reports

  Gather all submitted expense reports from employees and departments for the review period.

• Verify Expense Receipts

  Ensure that each expense report includes valid receipts and supporting documentation for all claimed expenses.

• Check Expense Policy Compliance

  Review each expense report against the company's expense policy to confirm compliance with limits and guidelines.

• Calculate Total Expenses

  Sum up the total amount of expenses claimed in each report to prepare for approval and processing.

• Obtain Necessary Approvals

  Send the verified expense reports to the relevant managers or department heads for approval before processing payments.

• Process Approved Expenses

  Input the approved expenses into the accounting system and initiate payment to employees.

• Record Keeping

  File all expense reports, receipts, and approvals in an organized manner for future reference and auditing purposes.

• Conduct Periodic Reviews

  Schedule regular reviews of expense management practices to identify areas for improvement and ensure ongoing compliance.