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Accounts Payable Advisory
Office of Operations
Bureau of State Expenditures

Advisory Number: 53
Advisory Name:

Purchase Requisitions and Purchase Orders

Date Issued:

05/29/2018

Date Last Updated: 05/29/2018
Subject:
Guidance regarding purchases from value-added resellers, applying credits and recording trade-in allowances.

Reference:
Guide to Financial Operations (GFO), Chapter XI-A, Section 2 - Purchase Requisitions and Chapter XI-A, Section 3 - Purchase Orders

Guidance:
The Office of the State Comptroller (OSC) has updated the policy and procedures for processing general purchase requisitions for centralized contract purchases from value-added resellers. For more information, please see Chapter XI-A, Section 2 - Purchase Requisitions.

In addition, OSC has provided guidance to online agencies on how to process credit adjustments for both open and closed POs, as well guidance to all agencies on how to record trade-in allowances in the Statewide Financial System (SFS).  For more information, please see Chapter XI-A, Section 3 - Purchase Orders.


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