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

Question on Budgetary Control when past payment is voided

Received Response
61
Views
4
Comments

During initial implementation and import of historical transaction data, several control budgets were configured to allow transaction posting without going through the budget check process. Now that the application is live with Oracle Financials.

Need Clarification on below queries:

1. When a payment void is processed, the GL posts the void to the void date and Budgetary Control posts the void on the original payment date. If that payment date occurs in an old period (FY19 for example) and that period is in the date range of one of these Historical control budgets that we are considering closing, what happens? Does Budgetary control post the void to the most latest "open" control budget?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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