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

Receipt Accounting Excluded in Budgetary Control

edited Nov 24, 2023 6:49AM in Costing 2 comments

Summary:

Why would the Receipt Accounting journal source be excluded from posting to Budgetary Control?


Content (please ensure you mask any confidential information):

Our OCS implementation consultants excluded the Receipt Accounting journal source from posting to Budgetary Control. We use both encumbrance accounting and budgetary control. The result of this is that the reversal of the un-invoiced receipt accrual was not reflected in Budgetary Control in the first period of the new fiscal year. Budget is now short by that and GL does not equal BC. Is there some valid reason for excluding the Receipt Accounting journal source from posting to Budgetary Control?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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