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Commitment Accounting for Sage Accpac ERP
Commitment Accounting provides improved fiscal management by reporting commitments in addition to budgets and actuals.
Compatible With: Sage 300 ERP [Accpac], Versions 5.4 , 5.5 , 5.6
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Price Module Price
Price For Add User Uses Accpac LanPak's
Demo Price Free - NFR available

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For organizations that need to manage actual expenditure against budgets tightly, Commitment Accounting for Sage Accpac ERP provides invaluable financial management information. The “actual” and “budget” components held in accounting systems are obviously vital information sets. However, there is a third vital information set that is available to organisations - “committed costs”. 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” (earlier = better), allowing management more time to make the appropriate decisions.

 - Summarises outstanding purchase orders by GL code, and posts these values into an Sage Accpac ERP GL budget set.

 S ummary and detail commitment reports included.

 - Full availability of commitment information to the Sage Accpac ERP GL FR report writer.

 - Optional handling of purchase orders expected in the next financial year.

 - Full audit trail of commitment updates is retained.

Product ID: CO

Industries: Non-Industry Specific

Business Needs: Project/Job Scheduling, Property Management