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Payment Control – SOP

5.88

To ensure that the Hotel only pays for goods and service which are bona-fide purchases.

SKU: FI018 Categories: , Involved Skills: , , , ,

Objective:

To ensure that the Hotel only pays for goods and service which are bona-fide purchases.

“…If the price shown on the invoice does not agree with the purchase order, the invoice and documentation should be referred to the purchasing department who should advise if the invoice price should be accepted…”

Includes:

– VOUCHING OF DOCUMENTATION
– RECORDING OF DELIVERY NOTES AND INVOICES
– VERIFICATION OF INVOICES
– MONTH END PROCEDURES
– PAYMENT PREPARATION AND PROCESSING
– CONTROLS OVER PAYMENTS


Details:

Department : Finance / Accounting
Who is it for: Financial Controller, Chief Accountant
Document Type: SOP
Level of Detail / Difficulty: Concise / Intermediate
Involved Skills: Accounting,  Record Keeping, Bookkeeping, Compliance, Organization

File Format: Word (.docx)
Word Count: 2,282
Print Length: 07 Pages
File Size: 31 KB

Language: English
Editable: Yes
Ready to Print: Yes

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