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Access Online will automatically allocate all office supply transactions to the Purchasing Department's accounting code
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If you created an allocation rule to link the Office Supplies MCC group to your Purchasing Department accounting code what will happen to transactions when they enter Access Online?
Access Online will automatically allocate all office supply transactions to the Purchasing Department's accounting code
What is the function of purchasing department?
It is the responsibility of the purchasing department to make sure the company has adequate stock on hand of the products and materials needed for day-to-day operations. In order to do this, the department must always keep an accurate inventory of stock on hand.
What is current purchasing power accounting?
it is also known as general price level accounting. under this method all items in the financial statements are restated in terms of constant unit of money.
Where can one get a good Great Plains Accounting software for businesses?
Great Plains Accounting Software and similar professional packages can be purchased directly from the software manufacturer. Also, when purchasing in bulk for large companies, discounts may be offered.
Who are the users of output of accounting information system?
Users of the output of accounting information systems would be the companies themselves, to see how they stand. The information is also used by outsiders. Banks will want to look at the accounting information to know if they should make a loan to the company. If it's a public company stockholders will use the information in purchasing or trading stock.
If you created an allocation rule to link the Office Supplies MCC group to your Purchasing Department accounting code what will happen to transactions when they enter Access Online?
Access Online will automatically allocate all office supply transactions to the Purchasing Department's accounting code
What is the relationship between purchasing department and accounting department?
The power of the purchasing department is greatly influenced by the success of the accounts department. Without accounts to produce revenue, the resources needed for the function of the purchasing simply do not exist. In simpler terms: No money=No purchases.
What is an example of preventive control?
The separation of the Purchasing Department and Accounting Department personnel would be a preventative control measure.
What is current purchasing power accounting method?
What is current purchasing power accounting method
Who prepared bank reconciliation statement?
Accountant....or the acount's holder it self...
Software used for both purchasing and accounting?
There are several programs out there that can be used for both purchasing and accounting. QuickBooks pro, at the "lower end" has purchasing, inventory, and accounting capability. Microsoft Small Business Accounting and Cougar Mountain would be mid-level. For the big boys, it's Lawson Accounting.
What is the strength and weakness of a purchasing department?
The primary job of the purchasing department involves making actual purchases for the company. The strength of purchasing departments is often the knowledge of the financial industry. The weakness of the purchasing department is usually the lack of significance of this particular department.
What are the role of the purchasing department in an organization?
The purchasing department is responsible for buying all the goods and services for the organization.
What is the relationship between purchasing department and sales and marketing department?
the relationship b/w purchasing, marketing and sales
Relationship between purchasing department and production department?
Describe the relationship between the purchasing and production of a manufacturing company
What is the relationship between purchasing functions and marketing department?
The answer is that marketing and purchasing both uses money. and etc. Such as if i buy an outfit im purchasing something and the marketing department would get benefits.
What is the relationship between purchasing department and finance department?
The purchasing department and finance department have a close relationship within an organization. The purchasing department is responsible for acquiring goods and services needed by the company, while the finance department manages the organization's financial resources. The finance department works closely with the purchasing department to ensure that purchases are within budget, approved, and align with the overall financial goals of the company. Effective communication and collaboration between these departments are essential to maintain financial stability and operational efficiency.
