Purchasing encompasses all activities related to the acquisition of goods, services, and works. A good purchasing and public procurement system ensures that the needs of the end-users in organizations are met while maximizing value-for-money. Because most organizations implement its mandate through contracting third-party providers, an efficient purchasing system that enforces sufficient internal controls and that promotes transparency and ease of audit is key to government operations.
- Introduce the Purchasing process
- Learn how to efficiently record purchases
- Understand how the FreeBalance Accountability Suite™ facilitates the purchasing process
- Creating Purchase Requisitions
- Creating Purchase Orders
- Recording Receipt and Return of Goods, Services, and Works
- Generating Reports related to Purchasing
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
- Policy Makers
- Procurement Specialists
This course provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the FreeBalance Accountability Suite.
Government Treasury Management helps the spending units set payment priorities. The Treasury updates bank balances through the bank statement, which includes daily revenue collections. Based on the liquidity available, the Treasury can decide which payments to release and which payments to delay.
Budget Planning is a crucial phase of the Budget Cycle that seeks to balance the government’s limited resources with its competing policy priorities.