How to enable Budgetary control in Oracle Fusion R13 | Encumbrance accounting |Controlled Budget

How to enable Budgetary control in Oracle Fusion R13 | Encumbrance accounting #MY_TECHNO_JOURNAL

Foreign budgetary control and incumbrance accounting in oracle fusion okay so what is the business purpose the business requirement for a budgetary control and in kubernetes accounting what is the difference between biological control and incumbulance accounting and how we can enable the budgetary control option in oracle fusion and what is the process flow

To like get this functionality uh end-to-end functionality for the budgetary control so that we are going to discuss in this session we’ll get overview in this first session we’ll get overview of positive control so let us start so here you can see uh budgetary control and incumbrance accounting okay what are the basic difference between this rule so come

Configuration point of view so it’s a spending control budgetary control is how much you are spending and what and there should be a fixed amount we need to reserve uh or you can create a budget for these expenditures and uh ben that budgetary control functionality will check the fund and reserve that amount of fund we want to spend on that particular account

Okay and incumbrage accounting if you enable it will take care of the supply accounting because if you see uh in sub ledger accounting you will see cash basis of accounting we have accrual basis of accounting and you will another method of accounting that is called sub ledger accounting that is called incumbrance accounting if you enable this then you can also

Handle this control job that we have to enable we will see and if you enable military control learning branch accounting you can perform one check and fund reservation right so find on one part transaction which transactions we want to perform that you can like assign you can enable this kind of transaction types in oracle fusion so that it will perform the

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Context and the incumbrance accounting it will take care of encumbrance general entries right similarly for reporting uh you will see the transaction consumption of budget and funds so that will be taken care in this reporting and generally the commitment obligation journals and balances so this accounting part is taken care by income branch accounting how we

Can enable the budgetary control and incumbrance accounting if you see the complete flow here the control budget first of all we have to enable the system with budgetary control and incumbrance accounting so we’ll discuss the first step let us come to this system and go to navigate to financial if you see here the set of financial and here you can see budgetary

Control and incumbrance accounting click on this click on manage budgetary control okay here select the ledger you want to enable for budgetary control and incumbent suppose i want to i want to enable budgetary control for us primary ledger okay so here u.s primary ledger here the budgetary control is not enabled and encumbrance accounting is not enabled

So select that enable budgetary control if you enable this you are getting lot of many other options here okay enable encumbrance accounting so that is not mandatory okay either you can enable the budgetary control or both you can do any of these two if you want to enable the incumbrance accounting then you have to give here that the result for incumbrance

Accounting okay so currently i’m not enabling this but you can enable so control budget filter how you want to enable budgetary control it’s for ledger only the primary ledger you want to enable or for all of the projects you want to enable vehicle control because when you are going to win now in ppm when you are creating some budget for any projects that will be

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Affected and let me enable this budgetary control for laser only for the time if budgetary control validations transaction budget rate falls outside of the date range across all control budget so i am not doing any kind of validation so you can see here so you can see mapping between chat up account and budget account okay you can clear all the chat up account

Segments and how we are going to do the mapping one what is what should be your budget segment so always use segment value from budget data or use a specific value when not provided in the budget data so if the budget data is not providing any of the particular value for a segment you can give a specific segment value here cpu here’s the second option uh you

Can select a specific uh value for that segment so currently i want to always give it a segment i want to use the first option always use the segment value from budget data for all of the segment so here uh if you want to control like any exception you want to make for budgetary control initial source general sources you want to exclude uh from uh like budgetary

Control you can mention here okay like receipt accounting cost accounting revaluation open balance closing balance so all these sources you want to exclude from budgetary control thank you and then revenue and cash control if you enable this enable cache controls okay ask for your business requirement here you can see control budget name us primary laser cache

So automatically this uh control budget for chaos will be created if you enable this cache control okay in the first step you have enabled budgetary control for ledger right so now but that ledger any associated with this unit you want to enable or position control here you can see which requirement to pay business function you can uh enable logistic control

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Okay like requisition requisition requirement expense management receiving payable investing so for all this business function if you want to enable logically control uh uh and and there is your fund okay so reservation point if you want approval okay so when it will be resurrection point means uh once you submit the expenditure of submit the requisition so

If after submission the fund will be reserved or it will go for approval if you select your submission after submission the fund will be reserved if you select your approval then this after submission it will go for approval and if it is approved then the fund will be reserved so in this way you can enable the each of the business function for budgetary control

It’s internal exception if you want any kind of exception you you can do you can add your exception here for any transaction sources and documents okay so in this way you can enable the budgetary control so this is the basic overview i have given and in next session it’s couple of sessions i’ll cover each and every steps how we can create a control budget how

You can lower the budget amounts open the budget periods and uh how the fund will be checked the complete process step by step process i am going to discuss and i hope you understand this basic overview of budgetary control thank you guys thank you for watching this video

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How to enable Budgetary control in Oracle Fusion R13 | Encumbrance accounting |Controlled Budget By MY TECHNO JOURNAL