James Coates
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James Coates supported this idea ·
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212 votes
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I wouldn't agree with this change. For one time purchases, at the point when most of our invoices appear on the system in review state the goods/service has been received or is available. Our accountants agree that the money is considered as being expended at that point. At the month end I report to them what is sat in the Review task list so that they can 'accrue' for that expenditure. Subscriptions will never match between Alma and our Finance system (also Agresso) because our accountants prepay and accrue by month (i.e. split each sub into 12 payments). Using accrual accounting in Alma only splits between two fiscal periods.