Internal Controls: The SOPs Every Company Should Document This Year

Internal control isn't paperwork — it's the architecture that protects your company from fraud, errors, and operational drift. Every growing business should document these core SOPs.

Procurement & vendor onboarding

Three-way matching, vendor due diligence and approval matrix prevent inflated invoices and ghost vendors.

Expense reimbursement

Clear thresholds, evidence requirements and segregated approvers stop policy drift.

Payroll processing

Master data changes must be approved separately from payroll runs.

Bank reconciliations

Independent monthly reconciliations are non-negotiable for any business above ₹1Cr revenue.

Period-end closing

Document the close calendar, ownership, and review steps — finance shouldn't depend on tribal knowledge.