How to Release funds from partially invoiced purchase Orders
SummaryHow to make the funds available from partially used purchase orders
We use budgeting.
Say a budget manager has 100 USD for this year.
He/She created a purchase order for 100 USD.
For various reasons, he/she got billed for only 75USD and there will be not be another invoice for the remaining 25 USD.
Now, how can this budget manager release the stuck 25 USD to use with suppliers.
What are the best pratices implemented at various organizations, so that funds are not stuck.