The Finance Functions section is where you will handle all the financial setup. Here, you’ll be able to enter cost costs, number schemes for your requisitions and purchase order numbers, tax rates, general ledger codes, vendor currencies, and payment terms.
These sections are designed to make it easier to manage budget and spend by assigning cost codes and general ledger codes to items automatically. All of this information is available in reporting, so you can look at how much you’re spending with certain vendors, on certain items, in various categories, etc. based on your needs.