Expense Commitments and Budget Validation
Organizations need the capability to budget and report their expenses by accounts and segments. After the budget approval, all expenses need validation with the budget to prevent overspending. The Expense Commitments and Budget Validation SuiteApp enables users to:
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Create budgets for specific account, segment, and period combinations.
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Validate the purchase orders, purchase request, and vendor bills with the budget.
Features of Expense Commitments and Budget Validation
The SuiteApp provides the following features:
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Provision to budget for accounting periods, which is useful in multiyear grant budgeting and other cases.
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Ability to maintain multiple versions of a budget for the same period.
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Ability to set warnings when expense transaction amount exceeds budget for the account and segment combination.