What's New - June 3, 2024

Supplier Diversity and Business Classifications Reporting, GL Account Balance Currency Display, and Inventory Order by Job

Supplier Diversity and Business Classifications 

What's new?

• You can now manage your diversity and business classifications for multiple suppliers through an Import template. 
• The Supplier Invoice Report has been updated with an option to export spend by Diversity and Business Classification. 

Why does it matter? 

Diversity and business classifications for a supplier enable an agency to better understand and report on the diversity of their suppliers. Tracking this information is crucial to an organization's supplier diversity initiatives and corporate social responsibility goals.  In addition to getting access to a wider pool of service and product providers,  working with minority-owned and small businesses enables the distribution of economic benefits to the community. 

How does it work? 

See Supplier Diversity and Business Classifications for details. 

Set Display Currency on GL Accounts Search Page

The  Current Balance currency for each account now defaults to the user's Office Currency.  Previously, this defaulted to the Home Currency defined at the database level. 

If the user changes the Display Currency, the system will convert the amount based on the Current FX rate between the user's Office Currency and the Display Currency.  The selected Display Currency is used on the GL Account Summary when you click on the account balance amount, and on the GL Account Transactions page when you click on a specific month for the account. 

Include Job on Inventory Orders

For agencies using Accountability's Inventory Management feature to track branded marketing materials for client events,  users requesting incoming and outgoing inventory orders can now associate each order line to a specific Job.  This enables agencies to report on orders by Job and Department (if assigned to the Job).