Close Purchase Order

Overview:

On a weekly or more frequent basis, Purchase Orders should be reviewed and ultimately closed. Purchase Orders should be closed when:

• 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:

• Purchasing > Purchase Order Grid Option

Video: