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Oracle Self Service Procurement Cloud: Funds Status on Requisitions

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edited Apr 18, 2018 3:31AM in Self Service Procurement 6 comments

Summary

How does Funds Status work for Requisitions?

Content

What is Funds Status and how does it work on a Requisition:

The funds status is the indicator of whether the requisition can be processed into a purchase order based on funds being available in a budget controlled business setup. The funds status is determined at the distribution level of a requisition based on the charge of account, project, and budget date. This then rolls up to the line and header. All distributions of all requisition lines must pass funds check for funds to be successfully reserved for a requisition.

What are the various funds statuses and how are they processed:

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