This course is for people who work with Purchase Orders (PO), especially for those whose companies create Purchase Orders when ordering products or services, flag the Purchase Orders as received within the Enterprise Resource Planning (ERP) or other system as products or services are delivered, and use 3-way matching to process invoices.

When was the last time anyone in your company pulled a report listing all Purchase Order Goods Receipts Not Yet Invoiced?  Were any over 30 days old?  If so, was research performed to find the reason why invoices were not yet matched to the receipts?

If you don’t know what this report is, why it should be reconciled or which teams would be responsible for performing the review, then this course is for you, whether you are in Accounts Payable (AP), General Accounting, Inventory Control or Purchasing.

Discover how this report can be used as an early warning sign of issues with vendor payments, costs posted to projects or accounts, or with inventory control discrepancies.

Learn some of the most common reasons why PO Goods Receipts Not Yet Invoiced age out, how to perform the research on aged items and the teams to be involved in making any needed corrections.

Hear about some of the benefits of reconciling an Aged PO Goods Received Not Invoiced Report including:

  • Reducing the risk of the double booking of expenses and other costs.
  • Confirming accuracy of Good Receipts postings.
  • Identifying non-receipt of invoices from Vendors.
  • Ensuring invoices are being matched to posted receipts correctly to avoid variance bookings.
  • Discovering changes in a Vendor’s name not reflected on Purchase Orders previously created.

Course Series

This course is included in the following series:

5 CoursesProcure to Pay Purchasing

  1. Procure to Pay Work Stream
  2. No PO, No Pay – Can It Work for Your Organization?
  3. The Vendor Master – Creating A Solid Foundation for Accounts Payable Processing
  4. Strengthening Vendor Relationships - Steps That Can Be Taken by Accounts Payable
  5. The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced
Learning Objectives
  • Discover what a Purchase Order (PO) Receipts Not Yet Invoiced Report is and recognize what it should include.
  • Explore how to analyze the data supplied taking into consideration the Company’s payment terms and average turn-around time from receipt of invoice
  • Identify some of the reasons why PO Goods Receipts age out without an invoice being processed against them.
  • Explore the processes that can be used to quickly identify Aged Goods Receipts Not Yet Invoiced that need to be researched immediately.
  • Explore the benefits of reconciling the Goods Receipts Not Yet Invoiced Reports on a regular basis.
Last updated/reviewed: March 16, 2024

Included In Certifications

This course is included in the following Certification Programs:

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

16 CoursesAccounts Payable Management Certification

  1. Accounts Payable - Learn the Terminology
  2. A Deep Dive into the Responsibilities of Accounts Payable Operations
  3. The Vendor Master – Creating A Solid Foundation for Accounts Payable Processing
  4. The Basics of 1099's
  5. Prioritizing Accounts Payable Workload - Divide and Conquer
  6. Strengthening Vendor Relationships - Steps That Can Be Taken by Accounts Payable
  7. The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced
  8. Reconciling Aged Open Payables and Outstanding Checks
  9. Benefits of An Accounts Payable Recovery Audit
  10. No PO, No Pay – Can It Work for Your Organization?
  11. What to Consider in an Accounts Payable Workflow Solution
  12. Creating an Accounts Payable Documentation Management Policy
  13. Communicating the Role of Accounts Payable to Others
  14. Justifying and Presenting the Needs of Accounts Payable Operations
  15. The Basics of Project Management for Accounts Payable
  16. KPIs and Metrics for Accounts Payable Manual Processes
34 Reviews (154 ratings)

Reviews

2
Member's Profile
I admit, this course threw me for a loop. This particular topic was difficult for me to grasp. I am not sure why that was the case as Ms. Wheeler did a fine job with her teaching. Maybe other visual aids, or charts, or SOMETHING in addition could have been helpful? Just a thought. Thank you so very much for the insights and advice on this subject.
4
Anonymous Author
I worked with a company with direct relations to the Board of Education. It was a nightmare when it came to getting a Purchase Order paid especially when all the staff go on summer vacations. Wished I had known about reconciling on a quarterly basis instead of waiting until the last day of school.
4
Anonymous Author
The course was very hard to follow and understand. The exam was much harder than I expected, took a few tries to obtain a passing grade. The instructor is very knowledgeable and did a great job, however it's been over 15 years since I've done accounts payable and the lingo was foreign.
5
Anonymous Author
Very informative. Thank you for some of the tips for reconciliation. This is currently a very time consuming task and I feel that applying a few of the tips will greatly improve our efficiency for this task.
3
Member's Profile
The concepts were good, but the presentation could have been stronger by including a sample report image, T-accounts when discussing accounting flows, and examples of the situations discussed.
4
Anonymous Author
This course was exceptionally informative about the benefits of reconciling purchase order goods receipt not yet invoiced. The instructor made it quite clear as the process to follow.
4
Anonymous Author
This course provided good examples that helped with learning and understanding. It is part of a series and the first two courses would probably help with understanding the material.
5
Member's Profile
The material was good for this course and interesting. The final exam was a little confusing, some of the material that was given is not the same as the questions asked.
5
Member's Profile
Excellent. The course explained this large and complex topic. Would have liked to see financial impact on balance sheet. Must watch for AP GL Assistant Controllers!
5
Member's Profile
Very informative course. Most interesting was the way the Goods Receipt initiates a transaction. In my ERP, that does not happen when the PO is received against.
5
Member's Profile
Very helpful for someone transitioning into the manufacturing industry. GRNI is an extremely important item that needs to be scrutinized on a regular basis.
5
Member's Profile
Your courses are excellent, these help me to develop ideas to prepare when I audit accounts payable and/or any other related sub-process. Excellent.
4
Member's Profile
I liked the general overview/knowledge from an AP/general accounting standpoint. As I'm involved in the purchasing goods receipt. Good overview.
5
Anonymous Author
I learned a lot from this course on reconciling goods received not invoiced. I recommend this course to both new and experienced accountants
5
Anonymous Author
Great course. Found this very informative on the subject at hand. Professor keeps you engaged and is very knowledgeable on the topic.
5
Anonymous Author
Great course at explaining why reconciling this account is important. Also discusses useful strategy for reconciling the account.
4
Member's Profile
The Course provided an overview of the Purchase Order and Goods Receipts process. Slides were also helpful during presentation.
3
Anonymous Author
I liked that the content was clear and concise. I feel any accounts payable specialist would benefit greatly from this course.
4
Anonymous Author
The is a good course explaining why GRNI should be reconciled. I would have liked more examples or T account illustrations.
4
Anonymous Author
There was a lot of great information included here and this was all new territory for me, so thank you for the insight!
4
Anonymous Author
This was a elementary course which I enjoyed due to the short duration and to the point methodology.
3
Anonymous Author
Good overview of the benefits of reconciling GRNI and potential impacts if it is not done timely.
5
Anonymous Author
very informative and relatable. i will recommend the controls and processes to the management.
1
Anonymous Author
The test questions were hard to reconcile with the videos. I really struggled with this exam.
4
Anonymous Author
Again, questions are formulated in a very complicated way, that is very confusing
5
Member's Profile
Good class that brings to attention an AP issue that is sometimes overlooked.
5
Anonymous Author
Good reminders and the delivery was excellent. Good to go back to the basics.
3
Anonymous Author
It’s an interesting topic, but the delivery does not capture attention.
5
Member's Profile
Loved the course. I really learned a lot. Very valuable information.
5
Anonymous Author
Very good course for individuals trying to become AP specialist.
4
Anonymous Author
Accounts Payable team would benefit immensely from this course.
3
Member's Profile
slldes were too wordy, more examples could have been utlised.
5
Member's Profile
Great course, good insight and good presenter. Good content.
4
Member's Profile
Course review is positive! Appreciate the overall format!
show all reviews
Prerequisites
Course Complexity: Advanced

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the courses "Procure to Pay Work Stream" and "A Deep Dive into the Responsibilities of Accounts Payable Operations" prior to completing this one.

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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION and OVERVIEW
  Introduction to The Benefits of Reconciling PO Goods Receipts Not Invoiced3:23
  What is a PO Goods Receipt Not Invoiced?5:51
  Why Reconcile Aged PO GRNI’s?7:38
  How to Reconcile Aged PO GRNI’s.6:07
  Why PO GRNI’s Age Out; Root Causes10:09
  Resolving/Correcting Goods Receipts Not Invoiced7:26
  Conclusion 2:18
Continuous Play
  The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced 42:52
SUPPORTING MATERIALS
  Slides: The Benefits of Reconciling Purchase Order Goods Receipts Not Yet InvoicedPDF
  The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced Glossary/IndexPDF
REVIEW and TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam