Commitment Accounting for Sage 300
For organisations that need to manage actual expenditure against budgets tightly.
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 300 Accpac works by calculating the value of outstanding purchase orders lines, and transferring these values into one of the Sage 300 GL budget sets.
Reports available include summary and detail reports as well as an audit trail report.
Commitment Accounting for Sage 300 Accpac is suitable for many types of organisations, but is especially useful for government departments, charitable organisations, educational institutions and health providers.