Difference between revisions of "PO"

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Line 17: Line 17:
 
*Expenses type: [[CAPEX]], [[OPEX]], [[G&A]].
 
*Expenses type: [[CAPEX]], [[OPEX]], [[G&A]].
 
*Expenses code
 
*Expenses code
**[[AFE|AFE Code]] if [[CAPEX]]
+
**[[AFE|AFE code]] if [[CAPEX]]
 
**[[OPEX|OPEX code]] if [[OPEX]]  
 
**[[OPEX|OPEX code]] if [[OPEX]]  
  

Revision as of 12:11, 30 January 2017

Purchase Order

PO is created to make any expenditure.

PO is attached to AFE for CAPEX.

PO is created for OPEX and G&A.

Invoice is attached to PO.

PO Attributes

  • Over budget: yes/no
  • Total Cost free of VAT
  • Total Cost incl. VAT
  • Attached files

PO Status

PO Authorization

SumBudgeted   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