altus alliance 2016 - purchase order committments
TRANSCRIPT
ALTUS ALLIANCE 2016Understanding Purchase Order Commitments
Your Presenter
Rhett Williams CPA, CA.• Master Finance Consultant • Joined Altus 2009
Objectives• Provide a deep dive into Commitments Management
and the Detailed Commitment Ledger.
• Help you to understand how to structure commitments reporting
What are Commitments• The value of contracts entered into by the entity not yet
completed
• In Altus ERP, defined as the value of Purchase Orders not fulfilled to the point of invoice
• Pre-commitments and purchase requests
Multi Period Commitments • Why?
• How?
• When?
Detailed Commitment Ledger• Adds ability to track all changes in commitment entries
• Historical reporting – what was actual and committed position at a point in the past
• Works on the effective date of the change and the commitment date
Reporting• WebApps reporting – as of now view
• COA view
• Analysis of detailed commitment entries
Managing Commitments
• Edit effective dates
• Commitment roll forward
• Clean up POs
Questions & Answers
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Thanks for coming!@altusdynamics
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