This tool contains four sample policies that outline procedures for documenting, recording and issuing payments for accounts payable transactions.
According to these samples, all expenses must be captured to the greatest degree practical in the period in which they are incurred, and if there is any uncertainty on how to code an invoice or what to pay, the accounts payable department must be contacted. These policies also contain appropriate guidelines for accounting for accrued liabilities and can be used as a general guide to understand and review these processes.
Risk & Control Matrices - RCMs
Accounts Payable RCM
AP Invoice Process: Material Goods Process Flow