Budget Carryforward process
I have the following scenerio.
Original Budget (2010)- 100
PO commitment(2010) - 20
Actual (2010)- 30
I want to Carryforward budget in 2011. Please let me know the steps.
Note: In our scenerio, Investment management is not used.
Thanks in advance .
NAG A C replied
Commitment Carry forward:
Open commitments are correctly reduced in the old fiscal year
if you process them further in the new. (For example, a purchase
order from 2009 can be reduced by an invoice arriving in 2010.)
Closing open items:
You can close open commitment (open commitments such as purchase
requisitions, purchase orders)
before the commitment carryforward and delete parked FI documents
if amounts not consumed should be returned to the budget.