Purchase Order Reconciliation Process
Last revised 5/8/2023
What is PO Recon?
PO Recon is a Reconciliation Process where PeopleSoft closes purchase orders which have no activity. Reminder: Purchase orders should be closed or rolled annually.
For this Fiscal Year End 2023, PO Recon will close Purchase Orders that have had no invoices or change orders since December 31, 2022.
Procurement Reconciliation Process Q and A
Will I be able to see a list of POs that are going to be affected by PO RECON?
A list of POs to be closed in the process is available here for departmental review . When reviewing, please download and filter by PO Business Unit in Column A. Email notifications will be sent to multiple listservs such as UFACC, Requestor and Financial Approvers as well as posted in the myUF Marketplace Organizational message. To sign up for the UFACC, visit this site http://www.fa.ufl.edu/departments/general-accounting/staying-informed/.
I want a PO to stay open, but it is on the PO RECON list. How can I make a request to keep a PO out of the PO RECON process and not be closed?
Email firstname.lastname@example.org with PO RECON in the subject. Please include the PO business unit, PO number, and a valid reason the PO should not be completed in the body. These requests must be submitted to email@example.com by Friday May 12th, 2023.
An example of a valid business reason is “the equipment is still backordered”. UF is still going to receive and pay for the equipment in the future.
A purchase order from my department is on the list for PO reconciliation and isn’t needed anymore. What do I need to do?
Nothing! POs on the list will be completed by the reconciliation process and any remaining funds will be released. No action is required if you want the PO to close.
How can I see the status of a PO?
To see what status a PO is in, navigate in myUFL to Procurement > Purchase Orders > Review PO Information > Purchase Orders and put in your Business Unit. Here you will find all POs regardless of their status or age. POs in Complete status can’t be used to pay a vendor and have been relieved of encumbrance. POs in Dispatch status are open to have invoices paid against them. Completed POs do not appear on Enterprise Reporting Open Encumbrance reports.
Can my completed purchase order be reopened?
Reopening POs is rarely appropriate and is not a request that can be submitted via change request. If you have questions about policy, email firstname.lastname@example.org.
What happened to the funds that were encumbered on my PO before it was completed PO?
The funds should have released the encumbrances when the PO Recon process ran.
My department has a multi-line PO that has been vouchered and has gone through PO RECON, but one line remains open for vouchering and is holding encumbrance. Why isn’t the last line closed?
POs that have multiple lines can be vouchered without using all lines of the PO. For example, a 5 line PO is used in a voucher. PO Lines 1-4 are vouchered against and Lines 1-4 are finalized. Line 5 has never been used in a voucher. When PO lines 1-4 were finalized, Line 5 was not affected. myUFL does not close Line 5 or release encumbrance since there is not indication the line is not wanted. So, it remains open with encumbrance. To request the “line 5” be closed and the PO be completed, you may close the PO in myUF Marketplace using this guide. Remember closed POs budget check overnight in myUFL to release encumbrances.
During the year-end process, do I need to finalize a voucher if my PO has already been closed by PO reconciliation?
No. POs that are closed should be relieved of all encumbrance. If encumbrance appears to be still associated with a closed encumbrance, email email@example.com with the PO BU, PO number, and a screenshot or attachment showing the encumbrance that was not relieved. Please put “Open Encumbrance” and the PO number in the subject of the email.