Guide to implementing Purchase & Payments Procedures

Implementing Purchase and Payments Operating Procedures

The purchase and payments cycle starts with the placing of an order for product or services and ends when the money is being paid for the purchase. Some measures that businesses can put in place to strengthen controls are as follows:-

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Download a flowchart that illustrates a typical purchase and payment cycle to guide you in the organisation of documentation flow and filing as well as in the implementation of your business' operating procedures and control.