023_F&A_MN_PR_SI_19032020 (Supplier Documents Trail)

023_F&A_MN_PR_SI_19032020 (Supplier Documents Trail)

Useful: For all across MunaNoor

 

Dear All,

 

It is being observed time and again that the PO’s are in the name of MNPI while the Invoices are received in the name of MNMT while the services are received by MNPI and in some cases vice versa.

We have been telling this time and again and till we were accepting such cases for accounting.

 

Recently we have completed the Tax Assessment of 2014 to 2016 where is there was an adhoc disallowance done by the Taxation Authorities for all such cases in both the companies and also in MNSL.

This also creates lot of confusion in proper accounting and monitoring of the expenses and MIS reporting to HO.

 

Please note going forward PO and Supplier Invoices should be in the name of the company which is taking the services.

This is obvious and we expect everyone to follow the same.

 

With immediate effect any such inconsistency in the documentation will not be accepted in F&A and would be returned to the concerned for rectification.

 

Please circulate to all the concerned so that corrective course of action is taken in advance to avoid blockage of processing at F&A.

 

Thanks & Regards,

Piyush

 


    • Related Articles

    • F&A_MN_PR_CRPR_082619_001 (Circulation Process)

      Dear All,   Useful: For all MN Group Employees   As you all know that we are working in SAP now for last 5 months now and there are differences in how we do things in SAP that we used to do it in old system (AccPac). With new system there are bound ...

    • 028_F&A_MN_PR_CI_26042020 (Customer Down Payment Request - DPR for Advance)

      Useful – For all Sales/CCD and F&A   Dear All,   As you are aware that Receipts accounting is now handled from a remote location. In order to make it successful we need to streamline the process as much as possible.   There can generally be following ...

    • 026_F&A_MN_PO_PR_12042020 (PO Auto GL Selection - Materials to be expensed out)

      Useful: For SCM/F&A/HR/HSE/QC   Dear All,   In continuation to our mail Dated 6th April 2020 and 12th April 2020 with Subject line 025_F&A_MN_PO_PR_06042020 (PO Auto GL Selection - Services) we have now identified and configured the same logic for ...

    • 025_F&A_MN_PO_PR_06042020_R1 (PO Auto GL Selection - Services)

      Useful: For SCM/F&A/Sales Dear All,   Further to below a field was required for manually entering the description and specification of the product. This additional field is to provide description to item/service that is not available in the master ...

    • 018_F&A_MN_PR_CI_02022020 (Tracing Export Sales)

      Useful: For all Sales/CCD and F&A Dear All, From long a need was felt to trace Export Sales. Finally, we found the mechanism to do that. All export sales will now be recorded under the specific GL “400001 – Export Sales”. However, please note the ...