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7 – Logistics Part 2: Goods Receipts & Invoice Receipts

April 25, 2018 @ 9:30 am - 4:30 pm

Duration: 7 hours
Format: Lecture, Demonstrations + Hands-on Practice Activities

This course is designed for all Financial Information Systems (FIS) users who will be processing Purchase Orders (PO).

Specifically, it provides an overview of Goods Receipts (GR) and Invoice Receipts (IR), how and when to process them and making adjustments to each when necessary.

Topics include:

  • Understanding the receiving process
  • Creating, changing and reversing GRs and IRs in FIS
  • Returning goods to the vendors
  • Tracking GRs in departmental accounts
  • Processing adjustments to IRs (e.g., Stop Payments, IR Reversals and Credit Memos)

Prior to taking this course, review the following supporting document to get a overview of the Purchasing Cycle:

    • The Purchasing Cycle at the University

Pre-requisites: It is highly recommended that this course be completed after the preceding Standard Curriculum courses, particularly the Logistics Part 1 course.

E-Token – For this particular course the attendee should have an activated e-Token. If you do not have an e-Token assigned to you, please inform the instructor and someone will log you in when you arrive.

 

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Venue

256 McCaul St, Room 103
256 McCaul St
Toronto, Canada
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