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    ANSHUMAN DAS
    How to encumber when Inventory account used
    Topic posted January 15, 2019 by ANSHUMAN DASRed Ribbon: 250+ Points, last edited February 6, 2019, tagged Financials, General Ledger, Public Sector 
    33 Views, 3 Comments
    Title:
    How to encumber when Inventory account used
    Summary:
    How to encumber when Inventory account used
    Content:

    Budgeting is done Revenue and Expense accounts.

    If we create a PO and put destination type =Inventory and if it hits inventory account system will not do budget check and encumberance account does not get hit.

     

    Only budget check will happen when Invoice Voucher gets created . But in Public sector they want to get budget checking etc get done during PO creation.

    So how to handle the situation.

     

    Anshuman

     

    Comment

     

    • Neelam Thakur

      Hi Anshuman,

       

      I would imagine that for Inventory destination POs, there may be a setup to specify encumbrance account. At least there was in EBS.

      Thanks,

      Neelam

    • Neelam Thakur

      I found this article, which suggests that you can prevent budget check fro inventory POs, which means, budget check is possible for Inventory POs.

      How To Prevent Budget Check In Inventory Purchase Orders? (Doc ID 2480620.1)

      • ANSHUMAN DAS

        Neelam, sorry for late response. I will get back to you. I am quite new in Public Sector Budgeting. So it is quite learning curve for me.

         

        Anshuman