Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
AP Multi Period Accounting with Budgetary Control: Impact? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

AP Multi Period Accounting with Budgetary Control: Impact?

Received Response
14
Views
4
Comments
edited Apr 12, 2021 11:13AM in Budgetary Control 4 comments

Content

Hi,

We're planning on using Multi period accounting on AP Invoices and would like to know if there's any impact on the Budgetary Control module.

For example, an invoice of 12.000 EUR is spread over 1/1/2021 - 31/12/2021. This means every period, 1.000 EUR will be taken into cost (item expense) after running the ESS job.

I see now in the Budgetary Control balances that on the budget date this invoice is booked, the complete 12.000 EUR is registered as expenditure.

I'd like to know if this multi period accounting has any impact on budgetary control. Meaning, does it spread the reservations of the budget across the periods? Or is the budget always fully reserved on the budget date of the AP Line?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!