Overview:
On a weekly or more frequent basis, purchase orders should be reviewed and ultimately closed. Purchase Orders should be closed when. This video walks through several reporting options that should be utilized when reviewing open purchase orders.
- All materials/goods have been received
- AP Invoices have been received and posted in PENTA
- No outstanding PO Change Orders exist
Benefits:
- Closing Purchase Orders automatically sets the remaining open committed amount to zero. Total Committed = Total Booked
- Ensures all open committed amounts are closed out when PO's are complete
Roles:
- Purchasing Agent
- Purchasing Manager
Location:
- PENTA Workbench > PO: Purchasing Reporting Center
Video: