Supply Chain Management - PSFT (MOSC)

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Assistance with Multi-Year Encumbrances in PeopleSoft Finance

Does anyone have experience with best practices for encumbering multi year contracts in PS? This is our current approach as we need each year on a separate line in order to more easily roll over PO’s correctly in the new year.

“Finance just rolled out a new approach for how we encumber multiyear contracts. We were instructed to create a separate lines for future fiscal years and to put a penny on it along with instructions on what to do with it in future years.”

If anyone else has suggestions on how to complete get this information into PeopleSoft, it would be greatly appreciated.  

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