finance section accounts payable

At the beginning of the financial year, finance sections create requisitions and POs for the entire year even though invoices and deliveries occur progressively.

“At the beginning of the financial year, the finance section accounts payable, once the budget get loaded, they create requisitions, they create PO’s. I think I have given an example, for instance, we have a uniform tender. They will create PO’s at the beginning of the financial year”