‘Procure to Pay’ Overview
Original price was: $24.99.$14.99Current price is: $14.99.
What you will study
-
Identify the parts of the Procure to Pay work stream.
-
Identify the advantages of making a Purchase Order (PO).
-
Explore the accounting transaction booked when a Goods Receipt is posted to a Purchase Order.
-
Recognize the professionals and cons and variations between PO and Non PO invoices.
-
Explore the usage of Purchasing Cards, printing a examine, wire transfers and Automatic Clearing House funds.
Procurement to Payment is usually a important workflow in any enterprise. For the workflow to work successfully, every crew concerned; Procurement; Sourcing and Purchasing, Receiving, Vendor Master, Accounts Payable and Payment Processing and Treasury ought to have an understanding of the whole movement.
In this presentation, we are going to overview the fundamentals of Procurement. In most companies, nothing might be ordered till a provider has been arrange within the Vendor Master Maintenance system. The phrases Sourcing and Purchasing could also be interchangeable or have completely different meanings in your group.
The receiving of products and providers and the Posting of Goods Receipts towards Purchase Orders might be extra important in some companies than the processing of invoices. Auditing of aged receipts may even be lined.
Return of product to a provider additionally wants to be tracked so as to guarantee restoration of funds or receipt of alternative product. We will discover some choices on how that may be accomplished in your group.
Although Accounts Payable is towards the tip of the work stream, their position is not any much less important. They want to guarantee prices are posted promptly and precisely, that funds are made well timed and that vendor relations usually are not negatively impacted whereas complying with greatest enterprise practices; Compliance Policies, Segregation of Duties, Delegation of Authority, tax liabilities and different enterprise particular guidelines.
Who this course is for:
- Anyone in finance, accounting or associated fields.
10 reviews for ‘Procure to Pay’ Overview
Add a review
Original price was: $24.99.$14.99Current price is: $14.99.
Thomas Benjamin –
The course did a good job of giving me an overview of P2P process.
Nupur Patel –
Impressive clarity and very intuitive for the beginner to pick up the concepts.
Dina Shahin –
This course was short, sweet, and to the point. Which is a hit or miss with uDemy? Very easy to follow, and has some great information. I don’t know if I would have paid the full price of 50$ , but for the discount of 12 bucks, it’s worth your money.
Kavya –
It was good,but expected examples like
1) How an Invoice looks.
2) Major fields that we can identify correct invoice.
3) Vendor W9 form
Amith arigapudi –
Learned a lot on procurement & payment helpful to find a job.
Ray Welsh –
It’s all good, but is introductory level so far, I’d like more details.
Manas Das –
Nice subject and also clarity is there and point to point describe. I learnt systematically. It is very much worth and I like the way of teaching. I gained a lots of things in a short period. Let me try the same thing in the real project environment.
Adnan Ahmed Irshad –
This course helped me get a perspective of the vendor.
But few questions were tricky for me as I am from a technical background and I would also suggest to included test questions after every two chapters so it will be like revising whatever I learned from the slides.
Apart from that, I got to learn many process involved in our purchases in the company.
Nemesio D. Hernandez –
Please continue.
Mary Lou Salazar –
The course was not overwhelming and made sense to the processes within our business.