PowerPoint Presentation

Purchase to Pay – Budgetary Control

Costs appear in your cost centres when you do the “receipt”, not when invoice is received or payment is made

Payment of invoice does NOT affect your cost centre/budget codes, with the exception of one off payment requests

Costs should be charged to the account code that is relevant, not the account code that has spare budget. This is imperative for analysis and correct reporting to Paris

Foreign currency fluctuations are the normal course of business and this can work to your advantage or disadvantage depending on the budget rate. This cannot be influenced

For year end, receipts can be actioned up to and including 30 th June