Budgetary Control in Payables (Oracle Payables Help)


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Budgetary Control in Payables

If you use Oracle General Ledger's Budgetary Control feature, you can check funds before you save a transaction and you can have Payables automatically create encumbrance entries to reserve funds for your transactions. For example, when you enter an invoice, you can use the Funds Check program to check if you have available budgeted funds to pay for an invoice or invoice distribution.

Depending on whether you select absolute or advisory budgetary control in General Ledger, Payables places holds on invoices that do not have sufficient funds. If you use absolute budgetary control, Payables will place an Insufficient Funds hold on any invoice that fails funds checking. If you use advisory budgetary control, Payables will allow the invoice to pass Approval, even if it fails funds checking. During Approval, Payables creates encumbrance entries to reserve funds against the budgets you define in Oracle General Ledger.

As the final step of budgetary control in Payables, if you enable Use PO Encumbrance in the Financials Options window, Payables automatically creates encumbrance entries to reserve funds for invoice expenditures against the budgets you define in Oracle General Ledger.

Setting Up Payables for Budgetary Control

Prerequisite

To set up Payables for Budgetary Control:

Set up budgetary control in Oracle General Ledger. Payables has no additional steps. See: Setting Up Budgetary Control.

Budgetary Control in Payables

See Also

Setting Up Payables for Budgetary Control

Prerequisite

To set up Payables for Budgetary Control:

See Also