Elements and Performance Criteria
- Verify validity and accuracy of payment request
- Match payment requests with order or other supporting information to ensure validity of payment and comply with internal control requirements
- Check supporting documentation to ensure it is correct and complete, confirm authorisation of request and follow up any discrepancies without delay
- Obtain confirmation of goods or services supply where required to validate request for payment
- Prepare payment documentation
- Authorise payment
- Check all payments are authorised accurately and according to organisational policy and procedures
- Ensure funds are not released prior to authorisation of payment in accordance with organisational procedures
- Confirm authorisation of payment from delegated authority following relevant organisational policy and procedures, and industry and legislative requirements