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Managing Budget vs. Actuals

  • December 31, 2024
  • 1 reply
  • 67 views
K
Freshman I

Hello,

We have just created a budget in Acumatica.

Is there a way to :

(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 

    1 reply

    aaghaei
    Captain II
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    • aaghaei
    • Captain II
    • Answer
    • December 31, 2024

    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 

    Reza Aghaei CPA, M. Acc. & Acumatica Customization - If a member helped you, please *Like* their post. If a member provided an answer to your question, please mark it as *Best Answer*.
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