This message was posted by a user wishing to remain anonymous
Hi folks,
I am planning on working on a policy regarding advance payments to small vendors for initial contract expenses, but I would like to have some sort of policy that would make them accountable and liable for the advance payments just in case.
Could anyone provide an example of or guidance on policies and procedures to address any risk related to advance payments to vendors or third parties? Also any references would be helpful. Thank you for your time and support in advance.
Dee