Purchase Accounting /Purchasing & Procurement
Recording the financial impact of purchases based on supply documents
The Purchase Accounting system links purchase invoices to the underlying order and receipt documents. Recording item and amount details and managing surcharges and deductions make it easier to review transaction costs. Linking financial data with purchasing operations supports document tracking and reduces re-entry of data.
Benefits of Purchase Accounting
Invoices linked to order and receipt documents
Access to purchase amount details
Control over transaction surcharges and deductions
Less duplicate entry of purchase data
- Invoices linked to order and receipt documents
- Access to purchase amount details
- Control over transaction surcharges and deductions
- Less duplicate entry of purchase data
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Frequently Asked Questions
Which organizations is the Purchase Accounting system designed for?
It suits public, private and holding organizations of any size, and its base settings adapt it to each organization's structure and processes.
Is Purchase Accounting integrated with the other subsystems?
Yes. Purchase Accounting exchanges data automatically with the other Purchasing & Procurement subsystems and with the rest of the CYBER ERP modules.
Can data be migrated from our previous software?
Yes. Raydana's implementation team migrates master data and balances from your previous system and verifies them before go-live.
How are Purchase Accounting users trained?
Training is delivered through individual and group sessions, step-by-step guides and video tutorials, with continued support after go-live.