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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. 

Learning Objectives

  • 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.

Included In Certifications

This course is included in the following Expert Certifications:

13 CoursesAccounts Payable Certification

  1. Accounts Payable – Learn the Terminology
  2. Procure to Pay Work Stream
  3. A Deep Dive into the Responsibilities of Accounts Payable Operations
  4. Understanding Non-Purchase Order (PO) Invoice Transactions
  5. Understanding Purchase Order (PO) Invoice Transactions
  6. The Vendor Master – Creating A Solid Foundation for Accounts Payable Processing
  7. No PO, No Pay – Can It Work for Your Organization?
  8. Payment Process: Selection, Review, Approval, Release
  9. The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced
  10. Strengthening Vendor Relationships - Steps That Can Be Taken by Accounts Payable
  11. The Basics of 1099's
  12. Creating an Accounts Payable Documentation Management Policy
  13. The Basics of Automation for Accounts Payable (AP) Specialists

Prerequisites

Course Complexity: Intermediate

Take the following courses: 

“Accounts Payable: Learn the Terminology - Glossary” 

“A Deep Dive into the Responsibilities of Accounts Payable Operations.”

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
Introduction and Overview
  4:27Introduction to PO Invoices
  5:45PO Types and Categories
  12:08Preparing and Processing PO Invoices
  8:11The Accounting Transactions and Correction Methods
  2:28Summary and Conclusion
Continuous Play
  32:59Understanding PO Invoices full video
Supporting Materials
  PDFSlides: Understanding PO Invoice Transactions
  PDFUnderstanding PO Invoice Transactions Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM