Understanding Entering and Posting Commitment Control Budget Journals

You can manually enter budget journals to establish or change the budgeted amount for a control budget and you can also choose to automatically generate parent budgets or budget transfers from their associated child budget journals. Budget journals post to budget ledgers—whether it is an expenditure budget definition or a revenue budget definition. The way your budget journal entries are processed depends on the rules set up for the budget definition in the Budget Definitions and Budget Attributes components.

This section discusses:

• Budget entries and adjustments.

• Budget transfers.

• Budget journal copying.

• Budget posting process.

• Generate parent budgets, budget adjustments, and budget transfers automatically.

• Combination editing for budget and budget adjustment journals.

• Budget journal deletion and unposting.

• Import budget journals from a flat file.

• Load budget journals from other PeopleSoft applications.

• Prerequisites.

• Common elements.