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Information Session Objective
The University has implemented the receiving of goods and services for purchase order issued in the Â鶹´«Ã½ÍøÕ¾ MarketPlace. This process helps reduce the risk of fraud, confirms that funds are only charged for legitimate PO’s where goods/services have been received/rendered, ensures the University’s compliance with industry best practices and recommendations by Internal Audit, and implements rigorous procure-to-pay-cycle controls and safeguards Â鶹´«Ã½Íøվ’s assets.
Duration:Ìý1Ìý³ó´Ç³Ü°ù
Offered format:ÌýOnline Informational Session
Training Video:Ìý
How-to manual:ÌýProcessing ReceiptsÌýin MMPÌý
Ìý
Processing Receipts in MMP
By the end of the information session, participants will:
- Understand how the Procurement cycle affectsÌýthe receptionÌýof goods or services
- Be able to identify between various receivingÌýtypesÌý
- Know how to apply and create new receipts againstÌývalid purchase orders
- Understand the impact receipts have toward invoices andÌýpayment issuance
- Know how to apply corrective action to ensure blocked payments are issued to the supplier.