Aging of Payables

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I.    OBJECTIVE

1.    To provide list of payables for the upcoming week

 

II.    DEFINITION OF TERMS
(Not Applicable)

 

III.    GENERAL POLICIES

The calendar week for submission of Aging of Payables is Tuesday to Monday. Every Saturday, the report shall be submitted to the CEO. The report shall include all payables from Tuesday of next week and Monday of the week after.

Aging of Payables shall be based on the account’s terms, on when the due will fall. Based on that, the payables shall be sorted by calendar week.

 

IV.    PROCEDURE FLOWCHART

Flowchart Title
(Not Applicable)

 

V.    REFERENCE/INTERFACE PROCESS

Document Title
(Not Applicable)

 

VI.    FORMS AND RECORDS

Form Title
1. Aging of Payables

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