In this purchase order training course we learn what “No PO, No Pay” means and why companies are moving to this model. We explore the benefits of using Purchase Orders (PO) for goods and services and identify how Purchase Orders can be created for facility, utility and telecommunication costs and identify the key components of a Purchase Order and how they can be used to post costs more timely and to track spend.
We also explore the difference between 2-way and 3-way match and learn how to leverage Purchase Orders to monitor spend and when to determine if budgeted amounts can be or need to be adjusted. In addition we learn the benefits of “Return to Vendor” policies and procedures.
Change management is key in implementing any new policy. We discover the steps needed to communicate a “No PO, No Pay” policy to vendors and to any employees who may place an order with a vendor.
A “No PO, No Pay” policy comes with strong terms and conditions. We explore these together to ensure ongoing compliance and success in your Accounts Payable organization.
Prerequisites
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the following courses prior to completing this one:
"Procure to Pay Work Stream" and
"A Deep Dive into the Responsibilities of Accounts Payable Operations".
Learning Objective
- Identify the definition of “No PO, No Pay”
- Explore the advantages of using Purchase Orders (PO) to order goods and services and to track spend
- Identify the key components of a Purchase Order
- Explore the difference between 2-way and 3-way PO matching
- Explore other terms and some of the conditions for a successful “No PO, No Pay” policy implementation
Last updated/reviewed: March 11, 2024
(103) Reviews
(83 rating)Course instructor provided detailed information about the No PO No Pay policy. It was a good reminder if the process and the benefits derived from it.
The presenter keeps a quick pace for this interesting subject and has a bullet point list on screen to make it easy to go back and find any part of the presentation.
Lots of new information on big datas role with fraud detection.
This was a very informative course and enjoyed the instructor presentation and knowledge. I dont have no background in this area, however I wanted to get exposure and was surprised to see so much information on the subject matter. Will take additional courses with this instructor.
I've been using pivot tables for years and still picked up a few helpful hints in this lesson. This is a very useful session for any user.
I would have liked a video with an explanation with examples. Also, I don't see an explanation of how an applicant is defined. Otherwise a helpful course.
this could have been good except the very distracting background music at the beginning of the process
This was an excellent overview of the budget process in review. It is not a detailed budget process but it is sufficient to outline the major points.
Good introduction to blockchain. Still unsure of the purpose of hash and mining.
Good instructor and very informative. Gives a good overview of what should be considered.
Great course I recommend this to everyone that wants to learn more about this topic
THANK YOU!!!! The course has been very helpful. I knew the practice of AP, now I have the theory. I highly recommend this course.
Good reminders and the delivery was excellent. Good to go back to the basics.
Interesting framework, although not exactly revolutionary thinking. However, does give some helpful tips on where to start, how to evaluate progress, and a reminder on how to drive long term career success.
I like the short videos or the option to watch it as a whole
Good ethics overview course with real life examples
Terrific insights and very applicable. I pulled out my notebook for this one.
Direct, easy to understand slides and notes make this a valuable course.
This course would be much more effective if all of the files were provided and the student was able to follow along and complete each of the functions being taught.
Slides should be prepared in advance, no slide materials to retain and or review, and the exam questions were very poorly worded relative to answer choices.
The course itself was great, but the exam had issues (unclear question wording, duplicate questions, answers considered wrong even though they exactly matched the definition given in the glossary, 79% grade when I got 19 out of 21 correct). The study guide provided was laid out as a syllabus with no helpful content.
Enjoyed the instructors enthusiasm of the subject. However, this is a technical course and the materials (PDF) were not helpful in providing a take away for what was taught.
I feel that this course would be helpful to other individuals needing to apply the accounting vessels to their everyday work ethics.
Very tricky and need thorough analysis of the final examination
The questions on the final exam were very poorly worded.
This has been the perfect course for an individual who potentially will use these AP skills. I highly recommend anyone working within financial services to obtain these certs!
strongly recommend this information to be delivered internally to "internal" customers.
I really had a hard time with some of the exam questions - they seemed ambiguous and unclear.
This course provides lots of great information for the bitcoin/blockchain novice.
Wanted a bit more information of why when C and S crop are selected, they are not 1099 eligible, even if under the LLC option, C and S are selected the same rules apply.
Question 4 and Question 6 on the final exam are the same.
The material is structured in a systematic order, which makes it easy to follow.
Presenter was a subject matter expert. I viewed it as more of an intermediate or advanced course. Was helpful but need to spend more time absorbing some of the concepts
Having a calculator to practice with, embedded in the course would be most helpful
This is a good tool to improve AP processes and performance in any company, I already did a list of KPIs that i need to collect in order to imporve my performance.
great course. introduced some functions with which I had limited experience, and broadened my appreciation for the application of functions I already use frequently.
not a fan of this course. too much story telling and all over the place, hard to follow. If youre looking for a new commentary then you'll love it.
Your courses have all been so wonderful, so informational, and so thorough--in short, greatly appreciated by me! Thank you for sharing your expertise, your wealth of knowledge, your inclusion of examples! I have greatly enjoyed reading and listening to all of your lectures thus far.
I like the Mentor's sense of humor. He kept the "28 videos" moving fast enough to be interesting. Also, I appreciated the discussion of US and Canadian standards. Thank you, Blair! P.S. Yes, advertising DOES work.
Good overview of mentor-mentee programs, benefits and relationships.
This course was very helpful. I learned some neat tricks and tips for inputting data.
Great class- one of the better ones! As someone who has a published book, I can attest to the importance of editing.
Great course, thank you for passing along your excel knowledge. I enjoyed the short, but thorough courses on how to really utilize the workbook.
questions at end didn't well match topics covered in the course.
I wish I had taken a course like this 40 years ago! I really learned most of this through experience and a passion for knowledge, but it would have helped to have this road map at the start of my career. I have learned that self-confidence gained from competence, honesty, and compassion for others helps you be a leader. Always striving to do the best for the benefit of everyone will bring you success.
This course was extremely relevant to today's corporate environment. The materials were extremely helpful and easy to follow.
Barry Zalma is very dull and boring. He even seems un-interested in the lecture he is giving.
This course on automation for accounts payable specialists gives an insight to what these types of resources provide. It can help to reduce risk and increase efficiency.
Great reference material. Would recommend to others.
For ANYONE in an office environment, some very good topics are covered. The slides were presented well and were easy to follow
Good material, good baseline on ethics. Good summary of AICPA and Wisconsin statutes. Easy to accomplish this training from the provided PDF document.
Very helpful summary of many different metrics to evaluate the financial status of a company. As an analyst, this will be very helpful in practical application, and the background and reasoning behind each ratio was clear and insightful.
This course was good at explaining the use of cryptography
I very much enjoyed this course. I myself can get stuck in ruts in life and this just helped motivate me to set some goals for myself and to achieve them!
The speaker rushed while speaking and sounded like he was reading the whole time. Very boring. The slides didn't provide much detail at all which is not great for future reference.
I liked the concept of KPIs for the team, I will need to incorporate this into our process.
This was both relatable and informative. Definitely worth the time.
could be the best course I've taken specific to my job
good Course. I recommend all treasury managers in company to go through this course
This is a good overview and self-check but I thought it could be more concise.
Currently leading a project that is changing the day to day workflow of AP, this lesson was perfect timing in my career. Thank you!
Peaked my interest and will now look to delve further into ethics law. Interesting case study of IWK.
Very useful as a practical guide and as a historical perspective (I was very involved with SOX work from the beginning until 2011, when my employer got bought by a European company).
The course was very relevant for my overall goal of learning more about the benefits of a No PO No Pay policy. The company that I work for is currently implementing this policy and the course furthered my comprehension of what to expect and provided detail benefits to AP, procurement, inventory and the overall benefits to the company. Great class and I highly recommend it.
Good knowledge about Accounts Payable. It is really very deep knowledge about relationship between Vendor and Accounts Payable Team.
I'm not a technology person, so though I understand the steps I would like to have automated, I don't understand all of the IT related stuff involved. So I wish the slides were a little less crytic and held more detail.
Very well spoken and concise summary of the major updates
GREAT GREAT GREAT GREAT GREAT GREAT GREAT GREAT GREAT COURSE
This course is more of a thought generator than a how to.
Very insightful. I'll keep an eye out for her other content.
It's a little look into the background of Accounts Payable. It was helpful to learn when liabilities is established.
Course review is positive! Appreciate the overall format!
Good course on FCPA. Instructor has great delivery and made it interesting.
The format and design of the course made the learning process easy to understand. I was especially impressed with the depth of terminology laid out under the glossary of terms listed in the 2nd PDF. Overall, a course I would highly recommend to fellow accounting members.
This course was very easy to follow and I gained greater insight on what type of leader I am.
Very nice - I like the course and the image of the flat file...as it is probably similar to what a lot of people are seeing.
Good insight in personalities and leadership. Excellent explanations of human behavior
Good course, working as accounts payable is always good to take this type of course.
would have loved more examples especially on how fair value assessment.
This class needs dramatic improvement. The class is simply a reading of the course materials in a monotone voice. There is no captivating element in it. It is challenging to learn from a class presented in this manner.
The course is excellent, it adds a different perspective in the function of the CAE as part of the company.
The overlap of information on the slides makes it hard for reference purposes.
I liked that I learned more about credit memos, non-po's. New employees changing to an accounting payables position will get the most from this course by the videos.
I really enjoyed this course. You make it fun and there was a couple of times I even laughed out loud. You kept my attention the entire time. Thank you
Harder to understand than i thought with my pivot experience.
Good course for insomniacs. Presenter was boring.
it was very helpful
Some more error rectification technique may be included in this course.
Slides could be more detailed.
As someone who does not have a background in AP, I think the wording on one of the last slides sums up this course well. AP is more than cutting a check! This course gives a perspective of the many things that an AP department should be responsible for.
ok
A very interesting topic, another one they don't teach you in school.
Very Helpful
Great course for a detailed but high level introduction to basic accounting principles.
Very good. However, seemed a little off track at times.
Good course!
What about online identity theft companies? What do they do and are there worth the money? What are the steps to take if you have your identity stolen?
Good course but needs to be updated for 2015-2016 changes.
Excellent course
The videos have too much screenshots that make my eyes confused where to look at to.
Very informative information
none
This course is worth checking out. Like most Excel programs, it covers some items that should have been learned through regular use but is lso shows some new approaches.
Ask the instructor a question about this lesson