Thread Options
#1493396 - 01/11/11 08:13 PM Accounts Payable Policy
one auditor Offline
100 Club
Joined: Apr 2004
Posts: 104
Midwest
I have been assigned the task of developing an Accounts Payable Policy for the bank; does anyone have such a Policy that they would be willing to share that I can use as a guide. I am not a policy writer, but want to ensure I have covered all the appropriate topics. Thank you.

Return to Top
Audit
#1540915 - 04/26/11 05:17 PM Re: Accounts Payable Policy one auditor
MTW75 Offline
Member
Joined: Apr 2007
Posts: 64
Lexington, Kentucky
Basically, you want to detail:
1. Purchasing requisitions and approvals
2. Vendor management
3. Expense (invoice) approval
4. Expense processing (general ledger coding) and recording
5. Expense payment and invoice cancellation
6. A/P reconciliation
7. Other (i.e. Employee expense reimbursements, capital expenses, physical security of checks, etc.)

I hope that helps!
_________________________
"The words you say never seem to live up to the ones inside your head." Chris Cornell (Soundgarden)

Return to Top

Moderator:  Andy_Z