Altus Alliance 2016 - Purchase Order Committments
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Transcript of Altus Alliance 2016 - Purchase Order Committments
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ALTUS ALLIANCE 2016Understanding Purchase Order Commitments
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Your Presenter
Rhett Williams CPA, CA.• Master Finance Consultant • Joined Altus 2009
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Objectives• Provide a deep dive into Commitments Management
and the Detailed Commitment Ledger.
• Help you to understand how to structure commitments reporting
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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
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Multi Period Commitments • Why?
• How?
• When?
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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
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Reporting• WebApps reporting – as of now view
• COA view
• Analysis of detailed commitment entries
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Managing Commitments
• Edit effective dates
• Commitment roll forward
• Clean up POs
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Questions & Answers
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ALTUS ALLIANCE 2016Altus IdeasThe new way for you to submit feature requests to us.
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ALTUS ALLIANCE 2016Altus AdvocatesMembership has it rewards. Enroll today.
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ALTUS ALLIANCE 2016Submit your evaluations to win!
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