Commitment Accounting for Sage Accpac ERP
For organizations that need to manage actual expenditure against budgets tightly, Commitment Accounting for Sage Accpac ERP 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 Sage Accpac works by calculating the value of outstanding purchase orders lines, and transferring these values into one of the Sage 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 Sage 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 Sage Accpac requires the GL and PO modules. Multi-currency support is included.
Download a brochure to learn more about Commitment Accounting.