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Former Member
Apr 22, 2009 at 09:35 AM

Fund Management Updation profile

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Dear All,

In fund managment we have budgeting models for updation of budget as follows,

(Usage of 'Update Profiles')

Model 1: Budget update based on due date: Data is recorded in Funds

Management in the fiscal year and period in which the business

transaction affects liquidity or profit (for example, when the invoice

is received) or leads to a business transaction which has this effect.

Model 2: Budget update based on Posting date: Data is recorded in Funds

Management in the fiscal year and period in which the business

transaction is posted in the system (for example, when the invoice is

received) or leads to a business transaction which has this effect.

Model 3: Separate Commitment and Payment Budget - update based on

posting date: The commitment budget for a fiscal year affects that

fiscal year and the ones following it which affects liquidity or profit.

Model 4: Separate Commitment and Payment Budget - update based on due

date: The commitment budget for a fiscal year affects that fiscal year

and the ones following it which affects liquidity or profit. In which

the transaction is posted in the system

In our scenario we have activated monthly budget check, so system doesnot allowed to issue PR or PO if it exceeds the monthly amount, because PO for service, amc are raise for the year.

Please guide me if we select model 3 we can create seprate budget for Commitment and payment? So if we select model 3 can we have the commitment budget for full year and payment budget monthly? So please confirm us that if we select model 3 system allow us to raise the PO for the year?

Request you all to give your valuable feedback.

Regards,

B Shah