How to handle multi year PR/POs with budgetary controls
Summary:
Can you help by providing best practices for multi-year contracts/PO with respect to budget reservation when absolution budgetary control is enabled. We prepare annual budgets and upload the same to Oracle. However there are always few POs whereby services would be provided for multiple years (e.g. AMC for 3 years). Such transactions fail to reserve the budget at the requisition level itself since the amount exceeds the budget available. We cannot increase the budget in current year as that will create an anomaly since the contract is for 3 years
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable):
Tagged:
0