Payables

From U of M Internal Medicine Wiki
Policies
Policy: Payables
Policy Nr: Sec 08 - 08
Target Review Date: 2018-07-01
Main Stakeholder: Finance Manager


Purpose

The Department of Internal Medicine requires an appropriate system for payment of invoices.

Guidelines

  • Invoices are received and reviewed for accuracy, approved and signed by the Finance Manager or Managing Director.
  • Original invoices and receipts are retained in the Department for seven years.
  • UMG processes and pays all approved invoices on behalf of the Department.


Relevant processes


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