DC: Create Purchase Order Revisions without Un-reserving Funds (Oracle Purchasing)

Create Purchase Order Revisions without Un-reserving Funds

 

Applies To

Oracle Purchasing – Version 12.1.3 and later. This feature is supported only for Encumbrance enabled documents.

 

Purpose

This document highlights

a)      The changes done to allow revisions of Purchase Orders to be created without having a need to un-reserve the funds already reserved against the approved Purchase Orders.

b)      Provision to view the budgetary postings of encumbered orders/agreements

 

Introduction

Oracle Purchasing allows reserving of budgetary funds for Requisitions, Orders and Agreements that are created in an Operating Unit where Encumbrance Accounting is enabled.  The current functionality allows a Purchase Requisition to be reserved as a commitment at the time of approval of the requisition. The commitment encumbrance on the Purchase Requisitions will be liquidated when the funds are reserved against the corresponding Purchase Order (obligating document). The funds are reserved against the corresponding Budget Accounts specified against each distribution of the Purchase Requisition or the Purchase Order.