This checklist ensures that all financial transactions are approved according to the company's internal policies, minimizing the risk of errors and fraud.
Check the accuracy of transaction details, including amounts, account numbers, and dates.
Ensure all necessary documentation (invoices, purchase orders, contracts) is attached and valid.
Confirm that the transaction aligns with company policies and regulatory requirements.
Secure approvals from designated personnel according to the approval hierarchy.
Record the transaction in the financial system, ensuring all entries are complete and accurate.
Review the approved transactions periodically to ensure adherence to procedures and identify any discrepancies.