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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Verify validity and accuracy of payment request
   • Match payment requests with order or other supporting information to ensure validity of payment and comply with internal control requirements
   • Check supporting documentation to ensure it is correct and complete, confirm authorisation of request and follow up any discrepancies without delay
   • Obtain confirmation of goods or services supply where required to validate request for payment
2. Prepare payment documentation
   • Match payments with invoice or other relevant documentation, and code and allocate payments to correct accounts
   • Complete documentation in accordance with organisational policy and procedures
3. Authorise payment
   • Check all payments are authorised accurately and according to organisational policy and procedures
   • Ensure funds are not released prior to authorisation of payment in accordance with organisational procedures
   • Confirm authorisation of payment from delegated authority following relevant organisational policy and procedures, and industry and legislative requirements

Performance Evidence

Evidence of the ability to:

verify and validate the accuracy of payment requests and accurately prepare payment documentation

check and authorise payment requests following organisational policy and procedures, and legislative requirements

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

identify the key requirements of legislation and industry codes of practice relevant to payment systems

describe organisational procedures for evaluating and authorising payment requests

describe the types of payment requests and associated documentation handled by the organisation

describe how payments are coded and allocated in the organisational system.

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