Accounting in a New Company

[Hesham Ahmed]

Dears

I would like to get your opinion regarding the following issue:

We are building a new factory, the contractor is doing this and our consultant is responsible to review the works done.

My question related to the payments made to this contractor according to the amounts of works achieved and reviewed by our consultant, What are the documents and the flow cycle for this transaction.

I guess that we need the contractor invoice and the consultant approval, the accountant should review the contractor invoice according the contract signed between us and the contractor.

What are your suggestions regarding this issue.

I also would like to get a sample of the prcess flows for all functions of the general accounting like,

1- Petty cash

2- Payments to suppliers

Thanks