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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