WAKEFIELD GRAMMAR SCHOOL FOUNDATION

Most of our suppliers require payment within 30 days of invoice, though a small number of suppliers do have 7 day or 14 day terms or terms allowing payment at the end of the month following invoice. We endeavour to process and pay suppliers invoices within a 30 day timeframe (or sooner if required), as we are aware that many of our small local suppliers rely upon prompt payment for their business cash flow.

The Foundation has a robust cash flow and positive bank balances. We therefore make every effort to pay promptly and keep within suppliers payment terms. However, as we are a school, many of the budget holders who would authorise payment of particular invoices are unavailable outside of term time and therefore some delays may occur with educational invoices over the school holiday periods.

Suppliers chasing missing payments normally contact the Purchase Ledger Administrator (PLA) who would then ask the supplier to send a copy of the missing invoices. The PLA then contacts the budget holder who ordered the goods/services to either obtain authorisation to pay the invoice (if it was a simple matter of an invoice going astray) or for the budget holder to advise if there is any dispute.