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Warning message when enabling budgets for the first time post Go-Live

in Budgetary Control

Summary:

We are planning to implement budgetary controls for the first time in our environment. Getting a warning message as

"Changing the budgetary control or encumbrance accounting settings may invalidate the existing data for the ledger. Do you want to continue?"

Does enabling budgets post live will have any impact on existing data?

What are the scenarios to take care off before enabling the budgets?

Is there any process document available to follow?

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