Page 92 - MICROHUB Handbook - ENGLISH

4. Payroll: Give one person responsibility for creating, preserving, and

protecting employee files. Include details on who processes payroll,

keeps track of vacation and sick time, and eventually signs checks.

5. New Vendors: These regulations would provide instructions on how
new suppliers should be approved and who should have access to

them. Along with defining specific steps for new vendor establishment, it

would also address payment conditions and authorizations.

Your business will determine the rules and procedures you'll require.

Consider the key areas of your company where consistent guidelines

would be beneficial. Some rules and procedures you should consider

are:

Which employment types are permitted to

approve different business actions

When and how to create new bank accounts

New vendors and selecting them

New clients and managing them

Buying and purchasing, such as how to

decide when to purchase materials,

machinery, and stocks

Collection of debt

Security plans and risk management

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