ICA 24W 2372 Wk 05 IV-PennyVu

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School

Algonquin College *

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Course

MGT2372

Subject

Management

Date

Feb 20, 2024

Type

docx

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Uploaded by AdmiralLemur2553

24W MGT2372 – Page 1 ICA Wk 05 IV Submit to BS > Activities > Assignments > ICA Wk 05 Invoice Verification Tas k Instruction and your solution 1. Complete in order: Note two screen captures are needed: Screen capture a list of outstanding PRs. Convert any outstanding PR’s to PO; complete the purchasing process for each. 2. For any Pos, take the next step required (that may be GR and IV or it may be simply IV) complete the goods receipt and invoice verification process. Screen capture your collective access stock requirements.

24W MGT2372 – Page 2 3. Complete the full P2P process for:  33 pounds of Carob Chips  To be delivered last day of February 2024  Tracking # W53  Enter all other fields covered in class. For each step in the P2P process, identify the step and the coordinating document number. Step 1 create PR: the purpose is to submit a request to purchase goods or services to be available on time when we need it. This is for getting internal permission. For purchase requisition, we enter the purpose and authority in the header, check source determination, then enter material for Carob Chips, enter 33 pounds for quantity, delivery date will be Feb 29, 2024, raw material in store location, check then save PR. Record transaction number: 0010000629 Step 2 create PO: this is a formal request from the purchasing organization to the suppliers or vendors

24W MGT2372 – Page 3 to provide goods and services. This is the actual request to suppliers or vendors. For purchase order, we transfer PR to PO by selecting PR from document overview then check item before we save it. Record transaction number: 4500000482 Step 3 create GR: this is the physical inbound movement of materials into our stock and warehouses. A confirmation that saying PO has been received and invoice can be paid. For good receipt, we put 33 for quantity in the delivery note, store location will be for Raw Materials. Check the item is Ok then post. Step 4 IV: the purpose is to check the accuracy of invoice received from vendors. To verify that the delivery matches the order is being billed. For invoice verification, we enter PO number, enter invoice date, check calculate tax box, enter amount of $69.30, enter “invoice verification” in Pmnt block, then post. Screen capture your PO history. 4. Screen capture the List of Gr/IR Balances report; ensure it includes the cleared items.

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