Your task is developing a procedure and process flow diagram that provides the steps to evaluate and authorise payment requests in a workplace or suitably resourced simulated environment.

In order to complete this task effectively you will require access to the following resources:

1. Common office equipment, technology, software and consumables
2. An integrated financial software system and data you may refer and utilise your company file in MYOB that you have used in other units of competence in this course.

When developing the procedure and process flow diagram for this task there are several activities that you will need to complete, these include:

1. Verifying and validating the accuracy of payment requests and accurately preparing payment documentation
2. Checking and authorising payment requests following organisational policy and procedures, and legislative requirements

Ensure you include the Three Way Match in your procedure and process flow chart. The three-way match involves comparing the following information:

• The description, quantity, cost and terms on the company's purchase order.
• The description and quantity of goods shown on the receiving report.
• The description, quantity, cost, terms, and math on the vendor invoice.