Policy: Payments to third parties: Difference between revisions

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-At Future Worlds Center, we have the following rule:
+At [[Future Worlds Center]] items (unless subcontracted) can NOT be ordered "on credit". This means that whatever the organization buys must be paid in total immediately and the purchase must be in compliance with the relevant [[Policy: Financial Authorization|Financial Authorization policy]].
-We do NOT order anything ‘on credit".
+For direct eligible costs of any project, no cash payment can be used (only cheque of electronic transfer).
-This means that whatever we buy must be paid immediately.
 This policy can be overwritten only
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 For amounts over  €1000:
 * A Board Resolution is required
+Delivery of cheques
+* Payments will be done electronically whenever possible
+* Cheques must be picked-up from the Financial Officer's office with a receipt signature.
 When making payments to third parties, please follow the relevant [[Procedure: Payments to third parties|Payments to third parties Procedure]].
+[[Category:Policies]]