I am looking for some written procedures for electronic payments. We are about to implement this new process in our company, but we need to document the entire process from begining to end. Do you have any procedures for these type of payments?

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We do not have an ACH-specific payment policy template. On TAPN, you can find a Disbursement Processing Flow Chart Template that you can use to document your ACH and other payment procedures. And TAPN has an Internal Controls Checklist and an Internal Controls Risk Assessment Checklist that provide help with disbursement control checks.

We also have several policies that you can adapt for compliance purposes:

  • Wire Transfer Policy in the AP Tools section under the AP Policy Manual templates.
  • Payment Policy in the AP Tools section under AP Policy Manual tempalates that can be customized for a policy around electronic payments.
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