Commitment Accounting

Report your exact budgetary position and see exactly what money is available to spend

Commitment Accounting summarises outstanding purchase orders by GL account and populates an elected budget-set with the commitment values.

Commitment Accounting

Report your exact budgetary position and see exactly what money is available to spend

Commitment Accounting summarises outstanding purchase orders by GL account and populates an elected budget-set with the commitment values.

How it Works

The user nominates which Sage 300 general ledger budget is to be used.

Enquiry screens summarise all financial commitment information and outstanding purchase orders by general ledger code or by vendor.

Additional Benefits

Commitment Snapshots

Commitment Accounting operates by recording a snapshot of committed values. Each snapshot is stored as a point in time copy of the source information and can be viewed and reported on retrospectively.

Commitment Accounting has configuration options to specify which budget set to utilise and numerous options to determine how to calculate and publish committed values to suit different client requirements.

Reporting

Sage 300 Financial Reporter provides management with powerful budgetary analysis that includes actual expenditure AND purchase commitments.