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Dual approvals: a field guide for finance teams
Where to set thresholds, who should approve what, and how to keep controls strict without slowing payroll down.
Written by
Omar Haddad
Head of Operations
Rates and figures are as of the date of publication. Nothing here is investment advice.
Start with the threshold
Most teams begin at $250,000: anything above it needs a second approver. Companies with larger reserves often add a second tier at $2 million that requires a named executive.
Separate preparing from approving
The person who requests a withdrawal should never be the one who approves it. Knurla enforces this automatically, and the audit log records both names, the time and the destination account.
Finally, review the rules every quarter. Teams change, and a control that names someone who left in March is not a control.
Questions about this note?
Our treasury team answers the phone on weekdays from 8am to 7pm Eastern, and the people who write these notes are on that team.
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