How To Create Multi Year Purchase Orders In Oracle R12 When Encumbrance Is Enabled?
Last updated on JUNE 01, 2016
Applies to:Oracle Purchasing - Version 12.2.4 and later
Information in this document applies to any platform.
What is the best practice that could be followed when user have to enter a contract in the system spanning across multiple years?
Example: PO Amount= 30000 USD
1st year (2105) Budget allocation = 10,000 USD
2nd year (2016) Budget allocation = 10,000 USD
3rd year (2017) Budget allocation = 10,000 USD
So if created a PO on 1st April 2015 with the total PO amount it will consume the whole budget of 30000 USD in 2015. But the requirement is the budget of 10000 USD to be consumed each year as per the contract milestones.
How can this be done ?
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