Reconciling Purchase Order Goods Receipts Not Yet Invoiced | Accounting & Bookkeeping Online Course by Udemy

Finance & Accounting Online Course by Udemy, On Sale Here

This course is for people who work with Purchase Orders when ordering product or services.

An excellent training about Accounting & Bookkeeping

Reconciling Purchase Order Goods Receipts Not Yet Invoiced

This course is for people who work with Purchase Orders (PO), especially for those whose companies create Purchase Orders when ordering products or services, flag the Purchase Orders as received within the Enterprise Resource Planning (ERP) or other system as products or services are delivered, and use 3-way matching to process invoices. When was the last time anyone in your company pulled a report listing all Purchase Order Goods Receipts Not Yet Invoiced? Were any over 30 days old? If so, was research performed to find the reason why invoices were not yet matched to the receipts?If you dont know what this report is, why it should be reconciled or which teams would be responsible for performing the review, then this course is for you, whether you are in Accounts Payable (AP), General Accounting, Inventory Control or Purchasing. Discover how this report can be used as an early warning sign of issues with vendor payments, costs posted to projects or accounts, or with inventory control discrepancies. Learn some of the most common reasons why PO Goods Receipts Not Yet Invoiced age out, how to perform the research on aged items and the teams to be involved in making any needed corrections. Hear about some of the benefits of reconciling an Aged PO Goods Received Not Invoiced Report including: Reducing the risk of the double booking of expenses and other costs. Confirming accuracy of Good Receipts postings. Identifying non-receipt of invoices from Vendors. Ensuring invoices are being matched to posted receipts correctly to avoid variance bookings. Discovering changes in a Vendors name not reflected on Purchase Orders previously created.

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