OATdb Archive

2007 - 2008

Accounts Payable

Goal
Efficiency In Accounts Payable
Accounts payable will operate efficiently.

Objective
Processing Vouchers
Accounts Payable will process vouchers in a timely manner.

Indicator
Annual Report Of Accounts Payable Statistics
An annual report will be provided to the Business Office Director with accounts payable statistics after fiscal year end.

Criterion
Timely processing
A report of the average number of days from the date placement of an encumbrance on an existing order to the processing date of the payment, will be included in a report to the Business Office Director. At least 75% will be processed within twenty days of receipt of invoice.

Finding
Statistic Report by Accounts Payable
The statistical report prepared by Accounts Payable will be completed after Fiscal year end.

Action
Report from Accounts Payable
Annual Report of AP Statistics will continue for FY 2009.

Objective
Accounts Payable Training
Accounts Payable will conduct training.

Indicator
Identifying And Training Departments/employees
Accounts Payable will work with Administrative Accounting and/or Purchasing to identify departments/employees that need training.

Criterion
Number trained
A record of the departments/employees trained will be reported to the Business Office director.

Finding
Number trained by Accounts Payable
The report will be prepared after fiscal year close.

Action
Number trained
Training is still a work in process.


Update to previous cycle's plan for continuous improvement

Plan for continuous improvement