Cheque Requisition and Issuance

Policy

Hockey Saskatchewan manages its financial systems in accordance with sound financial practices and legal requirements to achieve its purposes and be accountable to its funders and its membership.

Procedures

1. All Payments by Hockey Saskatchewan will be processed using an online Payment Processing Program that contains the following information: Unique invoice number, date of invoice, appropriate account allocation, purpose of payment, net cost PST, GST and total cost.

2. All payment requisitions must be matched to an original invoice.

3. Approval of Payments must only occur when all appropriate components of the payment has been completed correctly. (i.e. A “payable to” has been noted, amount for the payment and supporting documents attached)

4. All payments are to be approved by two authorized signatories.

 

 

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