Goods Receipts (GR) are processed in the Administrative Management System (AMS) as an acknowledgement that the university has accepted goods/services delivered/rendered related to a Purchase Order (PO). When a Goods
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After a PO is created, departments can locate the exchange rate that has been applied to the posting in FIS and the funds that have been reserved in the relevant
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In order to ensure your accounts are updated correctly: Process an FB65 – Accounts Payable Credit Memo and reference the PO number in the Assignment field. This will allow you
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As a part of the Good Receipt/Invoice Receipt system change, if your GR was nullified by a 48-series document you will need to: Process an FB60 – Accounts Payable Invoice
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Watch this simulation to learn how you can locate the FI document numbers for Purchase Order Goods Receipts and Invoice Receipts. Learn More: Reference Guide: Goods Receipts – Create or
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There are 3 distinct sections to in the MIGO – Goods Receipt screen, which include the Header data, Line Item and Detail data. When the line item and details section
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After a goods receipt has been processed, there are two scenarios where the amount shows $0.00 in the Purchase Order History tab. In these instances there will be no financial
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When an invoice is received from the vendor, there might be scenarios where the amount on the invoice does not match the amount in the PO due to various reasons.
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A reminder that effective September 1st, 2019, the processing of a Goods Receipt will post the 50xxx… document to the Financial (FI), Funds Management (FM) and Controlling (CO) accounts simultaneously.
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Have you ever wondered how you could find the current amount reserved against a purchase/lease order? Purchase orders, particularly those that have partial deliveries/payments and span over multiple fiscal years
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When partial payments are expected, it is recommended, when possible to set up the purchase order to mirror the partial delivery and payment structure. This will simplify the processing of
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Watch this simulation to learn how you can effectively set up a Purchase Order that requires a deposit/down payment, process the deposit/down payment and correct the effective tax amount when
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Watch this simulation to learn how to interpret the information in the Purchase Order (PO) History tab: Learn More: Documentation & Support – Purchase Orders Reference Guide – Create Workflow PO
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You may be looking at your reserves/commitments in your Funds Management (FM) reports and notice that they are higher than they were prior to the running of the GR/IR clearing
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You may be looking at your reserves/commitments in your Funds Management (FM) reports and notice that they are lower then they were prior to the running of the annual Goods
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This document is created as part of the GR/IR Clearing process, which is used to clear Goods Receipt and Invoice Receipt variances. The transaction makes an accounting correction based on
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To enter text in the GR document, ensure the text field in the GR line item section is complete. Refer to the Goods Receipt Create reference guide for more information To enter text in the
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Finalizing and cancelling a purchase order releases the commitment when there are no further deliveries or invoices expected for a specific line item. In most cases this is sufficient and
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When processing all Accounts Payable, General Ledger and Logistic transactions it is required to enter Line item text with specific explanatory descriptions for each line item which represents one business
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Learn More: Training Documentation – Logistics Part 2 (Goods Receipts & Invoice Receipts) Reference Guide – Display a List of POs with Outstanding GR FAST Tips Newsletter – March 2014 (Cancelling an
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With many Funds having end dates prior to the April 30th fiscal year closing (i.e., end of March), any Purchase Orders that reference these grants and are outstanding in the
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Take a look at the reference guide linked below to learn how to enter text for a Purchase Order Invoice created with split/multiple account assignments. Reference Guide: Line Item text
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