‘Procure to Pay’ Overview

This course covers vendor master maintenance, creation of purchase orders, posting of goods receipts and more.

Created by: Illumeo Learning
Condensed and Efficient Courses for Busy Professionals

Created by: Anne Wheeler (Illumeo)

What Will I Learn?

• Identify the components of the Procure to Pay work stream.
• Identify the benefits of creating a Purchase Order (PO).
• Explore the accounting transaction booked when a Goods Receipt is posted to a Purchase Order.
• Recognize the pros and cons and differences between PO and Non PO invoices.
• Explore the use of Purchasing Cards, printing a check, wire transfers and Automatic Clearing House payments.

Requirements

• No advanced preparation or prerequisites are needed for this course.

Target audience

• Anyone in finance, accounting or related fields.