Local Payments — Julie

Winho Trading Accounting Operations Handbook
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Folder & Table Structure

  • Table Summaries → Payments, Approvals (1 for multi-currency payments, 1 for freight companies),
  Purchases and Bills
  • Payment ← Folder


Local Payments – Julie
WEEKLY · LOCAL SUPPLIERS

AT A GLANCE
  1. [External/Other] Invoice arrives (supplier, or via Tony) to Bookkeeper
  2. [Accounts/Bookkeeper] Twice a week, Bookkeeper summarizes local invoices into a table
  3. [Accounts Administrator] Administrator prints & gives to Julie for approval + due date
  4. [Accounts Administrator] After approval, Administrator forwards to Bookkeeper for MYOB entry
  5. [Accounts/Bookkeeper] Bookkeeper enters approved invoices into MYOB
  6. [Accounts/Bookkeeper] Bookkeeper scans & files the summary in OneDrive

1. Invoice Provision
  • Invoices arrive from suppliers directly or via Admin Purchasing (Tony) to Accounts/Bookkeeper.
  • Tony's invoices are assumed approved, confirmed by signature or email; he also provides a physical copy.
  • If a supplier invoice is an operating expense (e.g. Supagas, Optus), it also needs Tony's approval before
  processing.
  • All other, non-operating-expense invoices only need Julie's approval (step 3).

2. Invoice Summarization
  [Accounts/Bookkeeper] Accounts/Bookkeeper summarizes all received local invoices into a table for
  approval — twice a week, so it isn't being tabulated daily.

3. Approval & Due Date
  [Accounts Administrator] Accounts Administrator prints physical copies of the invoices and table and
  gives them to Julie for approval and a due date.

4. Bookkeeper Entry
  [Accounts Administrator] After Julie’s approval, Accounts Administrator forwards the approved invoices
  and summary to Accounts/Bookkeeper for MYOB entry.
  [Accounts/Bookkeeper] Accounts/Bookkeeper enters the approved invoices into MYOB as per the invoice
  summary.
     – Inventory invoices (stock items) do NOT get forwarded to Accounts/Bookkeeper — they go to Orders
     (Jennifer) for entry. Follow up with Jennifer after 1 week if not entered.

5. Documentation