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.