Commitment Carry Forward alongwith Budget

[Former Member]

Hi,

1) When should we carry forward the Commitment item alongwith budget to next year. In which period..e.g period 12 or period 16??

2) If we do not carry forward commitment data (PO) to next year then what are the problems. E.g. PO created in year 2008, this is a open PO against which GR/Invoice is not done, so if I do not carry forward the commitment data and budget, whether I would be able to book the invoice in next year? would it again deduct the budget? what could be the problems because of this.

3) In which scenario do we carry forward Revenue Forecast. We do not have AVC check on Revenue.

Thanks & Regards,

Jyoti

[iklovski · Accepted solution]

Hi,

The carry-forward procedure is defined by the requirements of the specific client. Sometimes, the client chooses not to carry-forward the commitments at all. Answering to your question:

1) It does not important and serves for the reporting.

2) If you manage period-based rule, then it's advisable to carry-forward the commitments

3) Only due to business requirements.

Regards,

Eli