Turn around times - Finance

Function	Responsibility		Turn around time
Accounts payable	Vendor creation	F&BS* via Law	2 days
	Payment of invoices #	Law	5 days
	Reimbursements	Law	5 days
	Petty cash	Law	5 days
Advance payments	Advance payment of expenses	Law	5 days
Accounts receivable	Customer creation	F&BS via Law	2 days
	Generation of invoices	Law	5 days
	Credit notes	F&BS via Law	15 days
Purchase cards	Advance payment of expenses	Law	2 days
Purchase cards	Clearing	Law	10 days
Receipting	Cheques & EFTPOS	Law	5 days
	International cheques	F&BS	15 days
	Conference reports	Law	available COB Monday and Thursday
Journal entries	Processing/approval	Law	5 days
Purchase orders	Generation of purchase order	Law	5 days
	System receipt	Law	1 days
	PO* payment	Law	5 days
Q accounts	Budget preparation/checking	Law	15 days
	GLC* creation	F&BS	15 days
	Administration of account	Law	ongoing
	Auditing	Law	ongoing
S accounts (including ARC)	Budget preparation/checking	Law	15 days
	GLC creation	F&BS	15 days after notification by granting body
	Administration	Law	ongoing
	Auditing	Law	ongoing
Enquiries	Balances of accounts	Law	2 days
	Transaction listing	Law	3 days
	Payment of invoice	Law	1 days
	Procedural enquiries	Law	1 days

# Subject to media cut off dates and central turn around times

* Notes:

Finance & Human Resources Unit