Deciding Between Budgetary Control and Encumbrance Accounting
Review these decision points to determine which features to enable.
Decision Point |
Budgetary Control Required? |
Encumbrance Accounting Required? |
---|---|---|
Do you want transaction amounts from requisitions, purchase orders, invoices, receipts, and journals to be validated against a budget during transaction processing in real time? |
Yes |
No |
Do you want journals in General Ledger to represent purchase order obligations or requisition commitments? |
No |
Yes |
Do you want to report from General Ledger purchase order obligation or requisition commitment balances? |
No |
Yes |
Do you want to report budget versus actual expenditures only? |
No |
No |
Based on the decision points, you can decide to enable these features:
-
Budgetary Control only
-
Encumbrance Accounting only
-
Both Budgetary Control and Encumbrance Accounting
-
None