v7 FreeBalance Help

The Expenditures module allows users to define and track all expenses that are incurred within particular cost center. In addition it provides a payment function which helps ensure that specified expenses are properly paid on time.

Features of the Expenditures module:

• The ability to enter multiple items for each expense voucher.
• Automatic liquidation of commitment/obligation items related to the expense that is entered.
• Multiple currencies to handle foreign procurement.
• Multiple levels of taxation.
• Procedures to ensure that all expense transactions are properly authorized.
• Release of payments on due dates, with the ability to calculate cash discounts or interest charges.
• Summary and detailed expense and payables control reports.