Procurement – Month End Activities Process Diagram

Procurement – Month End Activities Process Diagram
P
r
o
c
r
e
m
e
n
t
Complete all transactions for
the period being closed
Review the current and
future commitments
Start
Review the outstanding and overdue purchase
orders
Follow up outstanding Invoices
Complete the Payables period
end process
Run Receipt Accruals – Period end
process
Follow up Receipts – check with
Suppliers
Identify and review Un-invoiced
receipts (Period end Accruals)
Reconcile Accounts – Perpetual
accruals
Close the current purchasing
period
Open the next purchasing period
Run Standard Period end
Reports