FI 021 - Purchasing Procedure

Hotel Finance – Purchasing Procedure – SOP

FI 021: Purchasing Procedure


Objective:

To ensure that all expenditure incurred by the Hotel is authorised in accordance with stated management policy.

“…The requisition may cover several items and may involve purchases from more than one supplier. The requisition should be cross-referenced to the purchase order and therefore there should be a reference per line item….”

Includes:

– REQUISITIONS
– PROCESSING
– CONTROL
– AUTHORITY
– EXPEDITING
– CANCELLATION
– PRICE INCREASE


Details:

File Size: 30 KB
File Format: Word
Print Length: 07 pages
Publication Date: November 06, 2016
Language: English
Editable: Yes

The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.