Other Obligation Balances Single Accounting Year Control Budgets

Obligation amounts can originate from manual encumbrance journal entries in the general ledger with the encumbrance type of Obligation.

There could also be obligation amounts not carried forward depending on the accrual method and also if the quantity delivered is greater or less than the quantity billed. Run the Trial Balance Report for the encumbrance balance type to review if there is a remaining obligation balance.

To keep the budgetary control and accounting balances synchronized for control budgets with periods that span one accounting year or less, create a journal entry to move the desired account balance to the new period.

1. Run the Trial Balance Report.

2. Create the manual journal entry to carry forward the balances

3. Verify the amounts in reports or Review Budgetary Control Balances page from the Budgetary Control Dashboard.