(1) Link the budget line item with the bill / cash purchase transaction
(2) Automatically flag an invoice when it exceeds the budget for that vendor?
We are looking for various ways to instore controls to ensure that our actuals do not exceed the budget.
Best answer by aaghaei
Hi @kelsy the short answer is no. Budget only works with GL and doesn’t impose any validation. If you are interested in controlling purchasing budget from vendors, the. PO/Subcontract is the way to go. In can set your PO closing preferences by amount so as soon as the $ of bills riches the PO amount it will be closed automatically
Hi @kelsy the short answer is no. Budget only works with GL and doesn’t impose any validation. If you are interested in controlling purchasing budget from vendors, the. PO/Subcontract is the way to go. In can set your PO closing preferences by amount so as soon as the $ of bills riches the PO amount it will be closed automatically
