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Measure Overview

# Objective Strategic Plan Goal Businesses Strategy
O56

Resolve issues within the Goods Receipt/Invoice Receipt (GRIR) Liability Report resulting in 95% of lines with a posting date less than 90/60 days.

Government Accountability Increased EfficiencyIncreased Efficiency

Action Steps

  1. Assign AP FTE to coordinate resolution actions
  2. Meet with vendors to resolve invoicing issues when applicable
  3. Meet with departments to resolve goods receipting issues when applicable
  4. Meet with Accounting staff to resolve mismatched invoices to goods receipts when applicable
  5. Train AP staff on how to correctly achieve the three-way match (PO, invoice, goods receipt/ service entry sheet)
  6. Train goods recipients on how to monitor their POs and post/reverse goods receipts/service entry sheets

Why is this measure important?

Monitoring and resolving issues within the GRIR Liability Account is important to ensure accuracy of recording expenditures in the correct accounting period for the purpose of accurate financial reporting.

Where does the data come from?

SAP ECC System - Run GRIR Liability Report

How is the measure calculated?

In Excel Spreadsheet Template, divide the sum of pending goods receipts with a posting date of 90 days and older by the total sum of pending goods receipts and subtract from 1

Why is this measure important?

Amy Childers

Additional Information

SAP ECC System - Run GRIR Liability Report


 

FY17 Target

95%

Under 90 days

FY18 Target

95%

Under 60 days

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