JJ AUTO PARTS ACCOUNTS PAYABLE OVERVIEW -UPDATED 26/11/15

JJ AUTO PARTS ACCOUNTS PAYABLE OVERVIEW -UPDATED 26/11/15

FOR ACCOUNTS 30 DAY SUPPLIER –where we have 30 day terms to pay the account

 

This are split into some different groups 

PARTS SUPPLIERS – WHERE WE PURCHASE PARTS ON ACCOUNT ( 30 DAY TERMS) FOR RESALE

We receive invoice @ JJ Sydney office shipping department as goods arrive

this is scanned to drop box  which support team has access to

this is entered into xero as account to pay – at this stage we don’t attach planned date 

we receive statement from supplier at end of month 

- for items bought in month prior , we ensure that we have all invoice copies from statement entered into xero ,if not we request copies 

we ensure supplier has noted all returns  

for items purchased 2 months prior we check again we have invoice copies and our totals match the suppliers and we set planned date for payment ( usually around 15th of month ) 

we pay on planned date - approx 15th of month