Ask Experts Questions for FREE Help !
Ask
    siva sethunathan's Avatar
    siva sethunathan Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 28, 2006, 11:42 AM
    double payment
    Recently a large municipal government has made news headlines after it was discovered that frequent double payments of vendor invoices had occurred. Some of these double payments had significant dollar values attached to them.

    What procedural recommendations would you make to ensure that a organization never faces a similar problem within their Finance department? Are there any controls in SAP that may assist with this issue
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Feb 28, 2006, 02:24 PM
    -segregation of duties
    Have on person in charge of writing the cheques, and another person in charge of making the journal entries for it.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Mortgage payment per month [ 8 Answers ]

I just received 30,000 which I plan to use for a down payment on a house if my credit is average and I plan to spend about 150,000 on a house what am I looking at spending per month on a mortgage payment?

Claiming Down payment as deduction [ 1 Answers ]

Hello! I am a first time home owner. My question is whether I can claim DOWN PAYMENT on my home which I paid, as a deduction from taxes. Thanks a lot for all this help.

Payment over time [ 3 Answers ]

Present Values. A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less famous receiver signed a $14 million 5-year contract providing $4 million now and $2 million a year for 5 years. Who is better paid? The interest rate is 10 percent.

Demands for Payment [ 2 Answers ]

I live in the state of Virginia. I have an outstanding debt with a payday loan company. When I finally made an attempt to pay the debt, the money was refused because I had sent it to the wrong address. I talked to the company and they refuse to accept the amount of payment being offered. I was...

Double Combo vs Double Tee [ 24 Answers ]

Hi All, The drains of my two storey home drain to one point at my basement ceiling, and then vertically to the basement floor via a 3" DWV pipe to a 4" sanitary tee that horizontally provides 1) a clean-out and 2) drain to the septic out the foundation wall. The center-line of the 4" sanitary is...

View more questions Search