Incorrect Encumbrance Accounting Entries for Requisition
(Doc ID 3026734.1)
Last updated on JUNE 04, 2024
Applies to:
Oracle Purchasing - Version 12.1 to 12.2 [Release 12.1 to 12.2]Information in this document applies to any platform.
Goal
While reserving Purchase Requisition in an Encumbrance enabled environment, following accounting entries are created -
- Reserve For Encumbrance Account - Credit
- Reserve For Encumbrance Account - Debit
But, as per standard functionality, the Budget Account should be debited instead of Reserve For Encumbrance Account, as under -
- Budget Account - Debit
- Reserve For Encumbrance Account - Credit
How to resolve this?
Solution
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In this Document
Goal |
Solution |