Scope: Notes on invoice procedures from Accounting
Contact: Sara Biondi
Unit: Monograph Acquisitions
Date last reviewed:
Date of next review:
Invoice Policies for Payments
Invoices
- When no invoice number on the invoice
- Use sales order number
- Use invoice date with your initials (e.g.: if the date is July 12, 2017, it should be 071217 SMW ) (NO SPACES BETWEEN)
Try to use a number that will make it easy for the vendor to determine what is being paid.
- Method of payment (In priority order)
- Check
- Credit card
- Wire ( should ONLY be used when there is no other way for vendor to be paid) (Has a wire fee)
- *Don't forget to enter your wire invoices in Aleph*
NO STAPLES on invoices!!!
Credit Memos
- Credit memo invoice numbers
- CM number is invoice number with "CM" after it ( e.g.: 12567CM)
- Put notes in CM invoice in Aleph or write on the CM why the credit was received
- When returning items, please put information in the return books spreadsheet. It's located under F: Shared/Receipts Management/Books-Coll-Dev and Returns. This is where we look for reasons why we received credits and helps with processing statements.
P-Cards
- Please don't forget to put the budgets, GL and cost centers on the invoices. I really need the GL and cost centers to clear p-card expenses. (e.g.: 1540220 is the cost center and 666300 is the GL).
- When a purchase unavoidably includes sales tax, the current preference is: When entering the invoice in Aleph, enter net price and shipping as usual, but only note the quantity of tax in the NOTE FIELD, so that it can be excluded when the invoice is processed in Concur. (9/17/2020)
P-card Statements and expense reports
- Do not have to keep statements—can discard!
- Expense reports should be provided to the reconciler for collections purchases. Please process the invoice in Aleph and provide them to the reconciler as soon as possible to ensure they are handled before the statement period closes on the credit card for that month.