Understanding the Commitment Control Process Flow

Perform these tasks for revenue estimate and budget checking processing:

Note:

These steps do not apply to direct journal payments.

1. Run the Receivables Update process to post groups, create accounting entries, create the source transactions, and budget check the source transactions.

   Note:

   The Receivables Update process runs the Revenue Estimate process and budget checks the transactions only if you have enabled commitment control for PeopleSoft Receivables and the general ledger business unit associated with the receivables business unit.

2. (Optional) Review the source transactions.

3. Correct errors in the source transactions if needed.

   For example, you might post some revenue lines for a contract line in PeopleSoft Contracts.

4. Run the Revenue Estimate process again if you corrected errors in source transactions.

   In some cases, you need to unpost the original group and correct the accounting lines. If this is the case, you run the Receivables Update process to post the group again and it automatically runs the Revenue Estimate process.

   See Understanding Budget Checking Error Correction and Warnings.

   Note:

   You can run the Budget Processor process at the same time if you do not want to review the source transactions before you budget check the transactions.

5. Run the Budget Processor process again if you corrected errors in the source transactions.

6. View budget checking errors and warning exceptions and resolve them.

7. Run the Budget Processor again if you corrected errors or overrode the exceptions.