Help terms GL

What is the flag?
that which is real - A, B-Budget, revised E - load average.


Thank you and best regards,
Pallis

Hi Pallis

Actual - is a real cost incurred for example liike rent/purchase cost, etc.
Budget - Estimated costs for the particular period AccountType (during the beginning of the year each organization generally plans and considers that the cost that may incur, for example: Organization could plan for the purchase of 50 laptops this year with an estimated cost of $50,000)
When the agency actually buys laptops you will know the real cost, it may be same, increase or decrease

Load - load is the name given to funds that have been reserved when a purchase requisition is finalized and cluttered. When a request is processed, the funds are placed side for this transaction. These funds are no longer available for use in other operations, but also were not included in the actual fund balance because a payment has not yet been built and funds have not physically left the University. The purpose and the main advantage of the commitment accounting is to avoid budget overruns.

Funds available = Budget - actual - charges

Best regards
Krishna

Tags: Oracle Applications

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