We have Position budgeting and control (PBC) activated in our client. For year end closing, we liquidated all HR-related oustanding commitments for the previous fiscal year. However, when we run payroll in the first period of the next fiscal year, we received several errors because of some retrospective charges that failed because the system could not find those original PBC commitment documents (which were liquidated). How are we supposed to close outstanding PBC commitments in a timely manner? How are other institutions who have PBC enabled, handling it? Do you not close open commitments until the middle of the next fiscal year?
Please advise.
Thanks.
