Accounts receivable and accounts payable

Accounts payable

In addition, a comprehensive review of the receivable and payable accounts is being conducted to prevent netting off of the accounts payable against the accounts receivable and vice versa.

Note 15 Accounts payable

To reduce gaps in its staffing table relating to 24 air operations positions, UNMEE recruited 7 local staff members through purchase orders.

The Board is of the view that the number of auditors per 100 million budgeted expenditure is only one indicator to be used in the allocation of resources.

Of the 25 cases reported at UNAMSIL, the amounts involved (where quantified) amounted to 330,808, covering 18 cases.

He wants the accounts payable...

(b) Disbursements shall be recorded in the accounts as of the date when they are made, that is, when the cheque is issued, transfer is effected or cash is paid out.

The amounts in statement II under accounts payable include amounts due to other agencies, as follows, in United States dollars

As mentioned, above, the accounts receivable function would be transferred from the Payments Unit to the Accounts Unit.

(i) It is required to separately list the beginning balance, ending balance and proportion to total amount of payables according to their categories (like other payables and advance payments, etc.)

A provision for a possible write off of this receivable is included in accounts payable.

Provision for uncollectible contributions receivable

(t) Account debtor means a person liable for payment of a receivable.

Pending the disbursement of the funds, 1,000,000 of this amount is shown under accounts payable other .

For the year 2004, three reconciliations were required (a) between the accounts payable ledger and the imprest cash book (b) between the general ledger (accounts payable account) and the bank statements and (c) between the due to due from account on the UNOPS and UNDP general ledger.

There were large balances of unliquidated obligations and accounts receivable.

Whenever an advance payment is agreed to, the reasons therefor shall be recorded.

In paragraph 43 of the report, the Administration agreed with the Board's recommendation that it review accounts payable with abnormal balances to ensure that they are promptly adjusted in the books or recovered if they represent overpayments.

Other accounts receivable (excluding outstanding assessments) and accounts payable amounted to 23.4 million (2003 04 15.5 million) and 95.5 million (2003 04 113.8 million) respectively.

Payment for service should be made in cash.

(iv) Inter fund balances reflect transactions between funds and are included in the amounts due to and from the United Nations General Fund.

The Finance Section has instituted measures to ensure that the accounts receivable and accounts payable are separated and posted in the respective accounts when first entering transactions in the accounting system.

This system supports UNOPS accounts receivable, accounts payable, purchasing fixed asset, project accounting, general ledger, payroll, and human resource functions.

(c) If the account debtor receives more than one payment instruction relating to a single assignment of the same receivable by the same assignor, it is discharged by paying in accordance with the last payment instruction received from the assignee before payment

Discharge of the account debtor by payment

These imprest accounts are currently outside of the PeopleSoft accounts payable and treasury applications.

(b) A payment instruction may change the person, address or account to which the account debtor is required to make payment, but may not change

The plan was drawn up with reference to the guidelines of the Liquidation Manual, and pre liquidation visits from Headquarters were conducted under the terms of section 1.4 of the manual.

The full amount of the advance is maintained in the accounts receivable from staff members until such time as the staff member produces the required proof of entitlement to the education grant, at which time the budgetary account is charged and the advance recovered.

Pursuant to decision GC.8 Dec.10, this amount is added to accounts payable established for this purpose in 1999.

The Registrar shall maintain a record in the accounts of all commitments for future financial periods (rule 111.7) which shall constitute the first charges against relevant appropriations once these are approved by the Meeting of States Parties.

The proposed transfer of the accounts receivable function to a new sub unit within the Accounts Unit would offer some relief in the workload of the Unit.

However, the definition of receivable in para. 21 (o) of A CN.9 WG.VI WP.22 Add.1 excludes rights to payment under a negotiable instrument, the obligation to pay under an independent undertaking and the obligation to pay under a bank account.

(b) The General Assembly focuses on a wide range of political, economic and social issues as well as the financial and administrative aspects of the Organization

A fully developed receivables function would create a clearly defined recovery process which would then be managed independently of the payment process.

As part of the realignment, the accounts receivable function would be transferred from the Payments Unit to the Accounts Unit and, at the same time, enhanced.

a transaction involving an international payment or a postal transfer

Interest income accrued from cash and term deposits not maturing until future periods is recorded as accounts receivable.

(a) All disbursements shall be made by cheque, by wire transfer or by electronic funds transfer except to the extent that cash disbursements are authorized by the Registrar.

When the Atlas general ledger becomes fully functional, the last two reconciliations, between the general ledger and bank statements and UNOPS and UNDP due to due from accounts, will commence.

(i) Accounts receivable other

(e) Accounts receivable other

The accounting for advances made to UNDP and the recording of expenditure in UNHCR books has been done through successive steps.