PASS Finance: Commitment Accounting

Manage committed expenditure

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Commitment Accounting (Order Processing) module

Establish a disciplined purchase order management process.

Summary

The Commitment Accounting module can operate as a full order-processing system and/or as a pre-purchase cost control facility. The objective is to allow monitoring of committed expenditure against budget in addition to the normal controls available through the PASS Finance Nominal Ledger.

Key Features

  • Links with PASS Finance Purchase and Nominal Ledgers
  • Full requisition, order production and order processing facility, holding products against suppliers and nominal codes
  • Value x quantity x price and text order lines offered
  • Multiple narrative lines
  • Order tracking by order number/supplier/date/department/staff/value
  • Requisition and order printing
  • Orders checked against budgets for departments and accounts, with a definable budget warning level and rejection facility
  • Analysis of actual and committed expenditure against budget for budget holders
  • On-screen inquiry shows actual and committed expenditure
  • Full commitment accounting reports including actual, committed and budget information with variance for months, terms and year to date
  • Handles purchase invoices received against prior commitments or orders.
Further information

PASS Finance

Our Customers

{} Clare Butcher, Accounts Manager, Abingdon School

Clare Butcher, Accounts Manager, Abingdon School

“We moved to PASS in 2006, following just one year using a system that turned...

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