Expense Commitments and Budget Validation
Organizations need the capability to budget and report expenses by account and segment. After the budget approval, all expenses need validation with the budget to prevent overspending. The Expense Commitments and Budget Validation SuiteApp lets users:
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Create budgets for specific account, segment, and period combinations.
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Check purchase orders, purchase requests, and vendor bills against the budget.
Features of Expense Commitments and Budget Validation
The SuiteApp provides the following features:
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Lets you budget by accounting period, which is helpful for multiyear grants and similar cases.
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Lets you keep multiple versions of a budget for the same period.
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Lets you set warnings if an expense goes over budget for a specific account and segment combination.