Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

Best Practice for Funds Checking for Assets accounts

in Assets 2 comments

Summary:


Content (required):

We will be using budgetary control against GL control budgets, for both expense natural accounts as well as fixed assets natural accounts for direct acquisition and CIP clearing accounts for construction costs. We know that the asset clearing accounts and CIP clearing accounts need to be included in the range of natural accounts subject to funds control, however I think we also need to include the asset cost accounts in the funds control? I think that there is no funds checking during assets additions, however the additions journal entries sent to GL would be funds checked then?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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