What is a sales or purchase centre?

From Catalyst
Revision as of 09:14, 23 September 2008 by Charles Allison (talk | contribs)
Jump to: navigation, search

Summary

This article explains the purpose of Sales and Purchase centres.

More Information

Invoices and credit notes from the Sales and Purchase Ledgers cannot be posted directly to nominal codes in Platinum - they have to go through an intermediate stage of analysis which is where the Sales and Purchase Centres come in. Sales and Purchase Centres are designed to allow you to analyse invoices and credit notes in more detail than you might want on your management accounts. Management accounts are derived from nominal codes. For example, you might want to analyse motor vehicle costs for each vehicle. On your management accounts, it gets unwieldy to see the costs against every vehicle, and a summary nominal code is all that is really needed. You can have purchase centres for each vehicle and analyse the costs in the Purchase Ledger, but have all these Purchase Centres updating one nominal code. In many circumstances, you will find that you will need one Sales or Purchase Centre per Nominal Code, since the same level of detail is sufficient for most people.

See Also


Feedback
Thank you for using our Knowledge Base, we value your feedback. Did you find this article useful? 'Yes' or 'No'
Keywords AND Misspellings
Cost Centre, Purchase Centre, Centre, Search, Sales Centre