Understanding Purchase Order (PO) Invoice Transactions

This course addresses the different types of Purchase Orders a Company may have as well as the different matching method

4.35 (14 reviews)
Udemy
platform
English
language
Finance
category
62
students
33 mins
content
Aug 2020
last update
$44.99
regular price

What you will learn

Recognize the difference between Purchase Order (PO) and Non-PO invoices.

Explore the different types of Purchase Orders a Company may have.

Discover the different invoice to PO matching methods.

Identify the General Ledger accounts that are debited and credited when a PO invoice is processed.

Description

The subject of Purchase Order (PO) invoices was covered at a high level in the course titled “A Deep Dive into The Responsibilities of Accounts Payable Operations.”  This course covers the flow of PO invoices, from the time they are received by a Company to the point they are ready to be paid. 

This course addresses the different types of Purchase Orders a Company may have as well as the different matching methods.  Special attention is given to those areas more prone to mistakes.  For examples, some inaccuracies can occur even before an Accounts Payable (AP) Processor is ready to enter the invoice into the system.  We learn how to recognize them.

The accounting transactions posted when a PO invoice is processed is covered, including the posting of freight and taxes that may be billed on an invoice.

Content

Introduction

Introduction to PO Invoices
PO Types and Categories
Preparing and Processing PO Invoices
The Accounting Transactions and Correction Methods
Summary and Conclusion

Supporting Materials

Slides: Understanding PO Invoice Transactions
Understanding PO Invoice Transactions Glossary/Index

Review and Test

Review Questions
FINAL EXAM

Screenshots

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Related Topics

1419678
udemy ID
11/3/2017
course created date
12/4/2020
course indexed date
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