Making ‘No PO, No Pay’ Work for Your Organization | Accounting & Bookkeeping Online Course by Udemy

Finance & Accounting Online Course by Udemy, On Sale Here

This course explains what No PO, No Pay means and why companies are moving to this model.

An excellent training about Accounting & Bookkeeping

Making ‘No PO, No Pay’ Work for Your Organization

In this purchase order training course we learn what No PO, No Pay means and why companies are moving to this model. We explore the benefits of using Purchase Orders (PO) for goods and services and identify how Purchase Orders can be created for facility, utility and telecommunication costs and identify the key components of a Purchase Order and how they can be used to post costs more timely and to track spend. We also explore the difference between 2-way and 3-way match and learn how to leverage Purchase Orders to monitor spend and when to determine if budgeted amounts can be or need to be adjusted. In addition we learn the benefits of Return to Vendor policies and procedures. Change management is key in implementing any new policy. We discover the steps needed to communicate a No PO, No Pay policy to vendors and to any employees who may place an order with a vendor.A No PO, No Pay policy comes with strong terms and conditions. We explore these together to ensure ongoing compliance and success in your Accounts Payable organization.

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