Receiving Policy

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This tool contains two sample policies that establish standard procedures and controls over the receipt of goods and services in order to ensure appropriate financial reporting of such activities.

It is important for a company to establish policies and procedures that surround the receipt of inventory items and noninventory items and services. In addition, it is critical to list the responsibilities of people involved in the process (e.g., receiving clerk, goods requestors, service requestors, AP team and purchasing group).

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