As a dynamic organization that handles a large volume of service invoices over extended periods, we have identified a crucial requirement for enhancing the functionality of Medius.
We request the addition of specific fields to capture the start and end dates for service-based purchase requests. This feature is not just a mere improvement but a strategic necessity for several compelling reasons:

Accrual Precision: Our accounting team performs accruals based on the timeframes indicated on purchase orders. With services stretching across different accounting periods, having definitive start and end dates directly on POs is indispensable for accurate accrual accounting. This precision ensures that we recognize expenses in the period they are incurred, which is a cornerstone of compliant and reliable financial reporting.

Budget Forecasting and Management: Fiscal responsibility dictates that we monitor and control our financial obligations within each budget cycle. The start and end dates on POs will allow for better tracking and forecasting of our financial commitments, ensuring that services are accounted for within the correct budget period and helping to prevent overspending.

Contractual Clarity: Clear start and end dates are critical for managing service contracts effectively. They enable us to prevent service interruptions, unintentional renewals, or early terminations by aligning our contractual obligations with the documented timeframe on the POs.

In light of these points, we believe that the inclusion of start and end date fields will significantly enhance the utility and effectiveness of the PO tool for our company's specific needs. We are confident that this change will bring about improved financial management, operational efficiency, and strategic foresight.