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Former Member
Aug 29, 2010 at 08:45 AM

Budget for a month in Funds Management

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Hi Guys

I have done funds managment (budgetory control system) and the same is working fine on control of expenses

Now the doubt i have is the budget is controlled for the entire year and not for a particular month

I will explain the same with an example

Commitment Item - 500000 ( for travel expenses and my funds center is 7000 for admin ) - i have entered a budget of 45000 AED for the period 08 i.e. August 2010 in FMBB

To my understanding if the Budget is entered for a single period i.e. month it should allow to enter the transaction for only that period and not for the entire year

In my case, the system is allowing to do transaction for the whole year i.e. from jan to december 2010 for the total value of 45000 AED and then availablity check comes into picture as the value exceed the budgeted value

Can any one help me on this case, whether the system will check only for the whole year as far as budget is concern or what is the purpose of the field available in FMBB (period - SPERIOD)

Thanks in advance

Bala