What's the difference between funds checking and funds reservation?

Funds checking:

• Is run from the invoice actions menu.

• Compares a transaction amount on a document, such as a purchase order or invoice, against available funds, with consideration to tolerances and overrides, and provides the results of the comparison.

Funds reservation:

• Runs during invoice validation, along with other budgetary control validations.

• Performs the same comparison as funds checking, but then:

  • Consumes funds from the budget.

  • Reduces available funds.