Budget migration strategy

Summary:

Currently, the client is operating with two active budgets—Capex and Opex—under Encumbrance Accounting. In line with recent business requirements, there is a mandate to implement the new budgets with revised budget structures. and the requirement is to have a Mid Year Migration so we suggested to have 3 approaches and we need your guidance for the best practice approach and less migration efforts approach

3 Approaches :

First Approach:

Mid Migration with all open Transactions (Open PR,PO Unvalidated AP Invoices)

Challenge - Moving all open transactions to the new budget structure is that it takes time to rebook the transactions to reflect the new budget structure and careful work to identify the transactions and determine the available balance