Financial Close Policy: Capital Project Procedures

This sample policy highlights capital project procedures organizations should follow during the financial close process.

In this sample, project managers receive invoices related to capital projects, such as contractor invoices, hardware invoices or software invoices. The project managers provide the invoices to the IT system administrator, who forwards them to the system coordinator for entry into the system prior to accounts payable processing. The invoices are tracked in the system to ensure that project costs are properly monitored and capitalized.