Difference between revisions of "PO"
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==Purchase Order== | ==Purchase Order== | ||
| − | [[PO]] is created to make any expenditure. | + | ===PO life cycle=== |
| − | + | #[[PO]] is created to make any expenditure. | |
| − | [[PO]] is | + | ##[[PO]] is issued against [[AFE]] for [[CAPEX]]. |
| − | + | ##[[PO]] is created for [[OPEX]] and [[G&A]]. | |
| − | [[PO]] is created for [[OPEX]] and [[G&A]]. | + | #[[PO]] is approved in accordance with [[Approval Process]]. |
| − | + | #[[Invoice]]s are attached to the [[PO]]. | |
| − | [[Invoice]] | + | #[[PO]] closes |
===PO Attributes=== | ===PO Attributes=== | ||
| + | *Number | ||
*Owner | *Owner | ||
*Company_Owner | *Company_Owner | ||
| Line 16: | Line 17: | ||
*Expenses type: [[CAPEX]], [[OPEX]], [[G&A]]. | *Expenses type: [[CAPEX]], [[OPEX]], [[G&A]]. | ||
*Expenses code | *Expenses code | ||
| − | **[[AFE|AFE | + | **[[AFE|AFE code]] if [[CAPEX]] |
| + | **[[OPEX|OPEX code]] if [[OPEX]] | ||
*Over budget: yes/no | *Over budget: yes/no | ||
| Line 25: | Line 27: | ||
===PO Status=== | ===PO Status=== | ||
*Status: Open/Closed | *Status: Open/Closed | ||
| − | *Approval Status: | + | *[[Approval Status]] |
| + | *Budgeted: yes/no | ||
| + | |||
| + | ===PO Authorization=== | ||
| + | <table border="1"> | ||
| + | <tr ><th>Sum</th><th>Budgeted </th><th> </th><th> </th><th>Unbudgeted </th></tr> | ||
| + | <tr><td> </td><td>AFE in place </td><td>AFE not required </td><td>AFE not in place </td><td> </td></tr> | ||
| + | <tr><td><$2k </td><td>Anyone Levels 1-3 </td><td>Anyone Levels 1-4 </td><td>1x Level 2 </td><td>2x Level 2 (incl Finance) </td></tr> | ||
| + | <tr><td><$10k </td><td>1x Level 2 </td><td>1x Level 2 </td><td>1x Level 2 </td><td>2x Level 1 </td></tr> | ||
| + | <tr><td><$100k </td><td>1x Level 2 </td><td>1x Level 2 (incl Finance) </td><td>1x Level 1 </td><td>2x Level 1 </td></tr> | ||
| + | <tr><td><$500k </td><td>1x Level 1 </td><td>1x Level 1 </td><td>1x Level 1 </td><td>2x Level 1 </td></tr> | ||
| + | <tr><td><$1m </td><td>1x Level 1 </td><td>1x Level 1 </td><td>Board of Directors </td><td>Board of Directors </td></tr> | ||
| + | <tr><td>≥$1m </td><td>2x Level 1 </td><td>2x Level 1 </td><td>Board of Directors </td><td>Board of Directors </td></tr> | ||
| + | </table> | ||
[[Category:E&P Finance]] | [[Category:E&P Finance]] | ||
Latest revision as of 09:36, 10 February 2017
Purchase Order
PO life cycle
- PO is created to make any expenditure.
- PO is approved in accordance with Approval Process.
- Invoices are attached to the PO.
- PO closes
PO Attributes
- Number
- Owner
- Company_Owner
- Company_Contractor
- Description
- Expenses type: CAPEX, OPEX, G&A.
- Expenses code
- Over budget: yes/no
- Total Cost free of VAT
- Total Cost incl. VAT
- Attached files
PO Status
- Status: Open/Closed
- Approval Status
- Budgeted: yes/no
PO Authorization
| Sum | Budgeted | Unbudgeted | ||
|---|---|---|---|---|
| AFE in place | AFE not required | AFE not in place | ||
| <$2k | Anyone Levels 1-3 | Anyone Levels 1-4 | 1x Level 2 | 2x Level 2 (incl Finance) |
| <$10k | 1x Level 2 | 1x Level 2 | 1x Level 2 | 2x Level 1 |
| <$100k | 1x Level 2 | 1x Level 2 (incl Finance) | 1x Level 1 | 2x Level 1 |
| <$500k | 1x Level 1 | 1x Level 1 | 1x Level 1 | 2x Level 1 |
| <$1m | 1x Level 1 | 1x Level 1 | Board of Directors | Board of Directors |
| ≥$1m | 2x Level 1 | 2x Level 1 | Board of Directors | Board of Directors |
