Processing Transactions Against Budgets with Different Funding States

This section provides an overview of the United States federal government accounting requirement for processing source transactions related to unexpired and expired budgets and discusses how to:

• Define current, unexpired, expired and closed budgets.

• Set up authorization to process against unexpired and expired budgets.

• Use entry events to generate budgetary entries automatically for upward and downward adjustments.

• Set up entry events to process upward and downward adjustments.