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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.
Approval When You Use Budgetary Control
Approval When You Use Budgetary Control
About Budgetary Control and Online Funds Checking
Encumbrance Entries in Payables
Reviewing Budgetary Control Transactions
Encumbrance Entries in Payables
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