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How to restrict backdating the Expenditure Item Date?

Summary:

Business Case:

Users can bypass Project holds by backdating the Expenditure Item Date on requisitions and PO change orders.
When a project is marked as overbudget or under review, the finish date and project status place the project on hold, preventing new charges.
However, backdating to within Project start and finish dates allows new Requisitions and POs to be processed.

Is it possible to restrict the Expenditure Item Date range via Project Costing Flexfield? If not, what is recommended approach to close this loophole?

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