For organisations that need to manage actual
expenditure against budgets tightly, Commitment Accounting for Accpac provides
invaluable financial management information.
Committed costs are the value of orders raised but for which
goods/services have not yet been received. Reporting committed costs provides
financial information earlier than "budget and actuals", allowing management
more time to make the appropriate decisions.
Commitment Accounting for Accpac works by calculating the value
of outstanding purchase orders lines, and transferring these values into one of
the Accpac GL budget sets (budget set 5 by default), so that it is available
for any or all GL reports. This process can be run as frequently as required.
Reports available include summary and detail reports as well as an audit trail
report.
Commitment Accounting for Accpac is suitable for many types of
organizations, but is especially useful for government departments
(national/federal, state or local), educational institutions and health
providers.
Commitment Accounting for Accpac requires the GL and PO
modules. Multi-currency support is included.
Commitment Accounting Enterprise Edition version 5.0 and higher have been
released - these versions have been fully developed in the Accpac SDK, so are
available on all the databases/platforms that Accpac is supported on.
With a comprehensive number of sites worldwide, we continue to
develop and support users requirements.
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