Accounts Payable Policy
This Accounts Payable Policy is for a bank, credit union, fintech company, or other type of financial institution that provides guidelines for the accounts payable (AP) function and the reimbursement of employee expenses incurred in connection with official business activities.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Accounts Payable Processing Procedures – Topic 3
- Excessive or Luxury Expenditures Policy – Topic 4
- Employee Expense Guidelines – Topic 5
- Employee Reimbursement Procedures – Topic 6
- Reconciliation, Balancing and Certification – Topic 7
- Audit Policy – Topic 8
- Staff Training – Topic 9
- Retention of Documentation – Topic 10
Includes the following form template:
Accounts Payable Check Approval Form (1 page)
This Accounts Payable and Employee Expense Policy (approximately 15 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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