Funds Available with Encumbrances and Actuals
Hi,
we have a lot of Contracts, and we need to receive them on monthly bases to record the Service realizations on monthly basis,..
but really we are facing big issue since some time we reserve encumbrances by POs and before getting approvals on these POs the month was ended and accounting team need to recognize the service and make Manual JVs for that, but really will reduce the funds available by the encumbrances that reserved by POs and the Manual JVs that created manually, so please could you please advice about the best practice for that,..
Regards,
Ahmad.