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The second stage of Harrison's proposal has two phases, which are
Approved Vouchers
Documents that have been verified and authorized for payment because they accurately reflect the goods or services received.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy.
Voucher System
A method of internal business control that involves a documented process for making disbursements and controlling expenditures.
Invoice Approval
The process of reviewing and verifying an invoice before it is paid to ensure that the charges are accurate and the goods or services were received.
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