General Ledger - EBS (MOSC)

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Budget Discusstion

edited Oct 23, 2011 7:02PM in General Ledger - EBS (MOSC) 3 comments
Dear Gurus,

We are into Encumbrance Environment and impleted Yearly Revenue Expenditure Budgets. We created a Budget for the period of 1st Apr 2011 to 31st March 2012.

At the Year end i.e., March 2012, we decided to follow below action plan. Pleae advise us whether we are correc or not? Please guide us.

1. we will create a new budget for next year 1st APR 2012 to March 2013 and we will use the Existing Budget Organisation. If we used the existing org, is there any effect ?we dont want to trnasfer any remaining amount of Budgets at March 2012 to next year.

2. Is there any process i need to follow for budgets to close the year. Please advise.

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