Elements and Performance Criteria
- Enter data to system
- Data is entered into systems without error and within time requirements as specified in relevant organisation policy and procedures
- Data is allocated to correct systems and accounts and related systems are updated
- System controls are maintained to ensure the integrity and security of client and payee database
- Create payment facility
- Verify payments against documentation
- Effect payments
- Payments are made within agreed credit arrangements in accordance with organisation policy and procedures and industry and legislative requirements
- Payment instruments are signed in accordance with relevant authority levels and related systems updated promptly to ensure that the integrity of accounting systems are maintained
- Primary documentation associated with payment is cancelled or noted to ensure multiple payments are not made
- File documentation