Pacifictech Commitment Accounting for Sage 300

Take the big picture fiscal approach.

Commitment Accounting for Sage 300 provides advanced fiscal management reporting of budgetary position that includes outstanding purchase orders.

Commitment Accounting summarises outstanding purchase orders by GL account and populates an elected budget-set with the commitment values. Management now have access to critical “available to spend” values using the Sage 300 Financial Reporter. FR can easily highlight GL cost-centers approaching budget limits or failing to consume budget.

Product Features

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.

In addition, Commitment Accounting provides full multi-currency support and the ability to handle commitments expected in future fiscal years.

Commitment Accounting is also available for both Standard and Advanced Editions of Sage 300; changes back in GL 5.5A allowed access to GL budget sets 2 through 5.

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

Reporting

Sage 300 Financial Reporter provides management with powerful budgetary analysis that includes actual expenditure AND purchase commitments.
Commitment Accounting includes reports useful in analysing commitment snapshot values:

  • Summary Report – showing the total value of commitments by GL code
  • Detail Report – showing the details of PO lines that make up the total value of commitments for a specific GL code.

 

Commitment Accounting


Download the Commitment Accounting Brochure