Cheque Signing and Authority

Purpose

To spell out procedures that must be followed in the signing of cheques on behalf of [enter-your-company-name-here].

Procedures

• All cheques must contain two eligible signatures.
• Eligible signatories are Board members or staff members who have been previously nominated and endorsed by the Board.
• Any two of the above have the authority to sign cheques.
• Signatories cannot sign a cheque made payable to themselves.
• A list of all cheques issued each month will be provided to the Treasurer.

Related documents

• Managing Petty Cash
• Payment Approval (paying For What We Get)
• Purchase Orders (ensuring A Paper Trail Exists)
• Receipt Of Goods and Conformity Of Supply
• How to use bottlenecks in your business to help you write effective standard operating procedures (SOP)
• SOP Software to help you manage your standard operating procedures (SOP)

TKO Business Modeller

Pat Williams, is the creator of TKO Business Modeller & TKO Policy Guides software. Pat firmly believes in the benefit of documenting your business systems. In doing so, a business owner can build the system once, then duplicate themselves over and over again simply by inducting new people into the system.

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