Question

. What is the procedure for payment ​

Answer 1

procedures are given below

Print the schedule of payments to be made by electronic payment, and forward to the controller for payment approval.

Flag any items in the payables database that are not to be paid at this time.

Set up scheduled payments in the accounting system for all approved payments.

Print the preliminary list of payments to be made and compare it to the list approved by the controller. Adjust the scheduled payments as necessary to match the controller's version of the list.

Flag the payment transactions as approved.

Following payment, print the payment register, staple it to the approved payments list, and file the matched documents.

Answer 2

Answer:

The payment procedure is the final step in the procurement process which begins in the Department of Procurement Services. The basic steps in ordering and subsequently paying for merchandise or services are as follows: A purchase requisition is prepared by the department to order merchandise or services.