Document background
The Invoice Cover Sheet is a crucial administrative document used in Canadian business operations to streamline the accounts payable process and ensure regulatory compliance. It serves as a control document that accompanies vendor invoices through the approval and payment cycle, capturing essential information such as tax classifications, accounting codes, and authorization signatures. This document is particularly important in the Canadian context where businesses must comply with federal and provincial tax requirements, including GST/HST regulations. The Invoice Cover Sheet helps organizations maintain proper documentation for audit purposes, ensures appropriate internal controls are in place, and facilitates efficient processing of payments. It is commonly used when receiving invoices from suppliers and requires input from various stakeholders including accounts payable staff, department managers, and financial controllers.
