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Best practice for invoice approvals

April 3, 2023
April 3, 2023


Q. Our approval limits are based on company role/position. For example, manager at $25K, director at $50K and VP at $100K. Should an invoice for say $75K route to each level for approval (manager, director, and VP)? Or should it go straight to the VP who has the proper signing limit?  A. (Answered by the IOFM Advisory Panel. We provide a cross section for consideration of different practices of member organizations across the U.S. and Canada. Practices often vary between organizations, and…

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