Difference between revisions of "PO"
From wiki.pengtools.com
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##[[PO]] is created for [[OPEX]] and [[G&A]]. | ##[[PO]] is created for [[OPEX]] and [[G&A]]. | ||
#[[PO]] is approved in accordance with [[Approval Process]]. | #[[PO]] is approved in accordance with [[Approval Process]]. | ||
| − | #[[ | + | #[[Invoice]]s are attached to the [[PO]]. |
#[[PO]] closes | #[[PO]] closes | ||
Revision as of 12:35, 30 January 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 |
