Receipting a purchase order is required for goods and services valued at twenty-five thousand dollars ($25,000) or more.
Here’s why:
- The university needs to know if large purchases have been received before invoices are paid.
- By creating the receipt, you are authorizing Accounts Payable to issue payment.
It’s easy! The “Receipting Your Purchase Order” how-to sheet has step-by-step instructions.
More information: