Closing SOP

Page 1

CLOSING PAPERWORK SOP

I AM EXCITED TO ANNOUNCE THE IMPLEMENTATION OF OUR NEW STANDARD OPERATING PROCEDURE (SOP) FOR CLOSING PAPERWORK, EFFECTIVE IMMEDIATELY. THIS PROCEDURE AIMS TO STREAMLINE OUR CLOSING PROCESSES AND ENSURE CONSISTENCY AND ACCURACY ACROSS ALL TRANSACTIONS. BELOW ARE THE KEY POINTS OF THE NEW SOP AND THE REASONS BEHIND ITS ADOPTION:

LIST-BASED APPROACH: THE NEW SOP INTRODUCES A COMPREHENSIVE LIST TO GUIDE YOU THROUGH EACH STEP OF THE CLOSING PROCESS. THIS LIST WILL HELP ENSURE THAT ALL NECESSARY DOCUMENTS ARE COLLECTED, REVIEWED, AND FILED APPROPRIATELY, MINIMIZING ERRORS AND OVERSIGHTS.

QUALITY CONTROL MEASURES: WE HAVE INCORPORATED ROBUST QUALITY CONTROL MEASURES INTO THE SOP TO ENHANCE ACCURACY AND COMPLIANCE BASED ON THE LP AUDIT. THESE MEASURES INCLUDE MULTIPLE LAYERS OF REVIEW AND VERIFICATION TO IDENTIFY AND RECTIFY ANY DISCREPANCIES BEFORE FINALIZING THE PAPERWORK. THE ATTACHED TEMPLATE CAN BE PRINTED OR USED AS A GUIDE WHEN PREPARING YOUR CLOSING PAPERWORK

YOU WILL WANT TO KEEP THE MEDIA TOGETHER BY REGISTER. ADJUST THE STACKS ACCORDINGLY BASED ON THE NUMBER OF REGISTERS IN YOUR BUILDING. FROM THE TOP OF THE STACK OF MEDIA TO THE BOTTOM:

TILL SUMMARY

REGISTER CLOSED

CLOSING TILLS

REGISTER OPEN

OPENING TILLS

POST VOID NO SALE

RETURNS/EXCHANGES

REG 1 REG 2 REG 3 REG 4 REG 5 DailySalesandCashReport DEPOSIT SLIP BAG TEAR DEPOSIT SUMMARY STORE CLOSED

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