1. Kishore Pattem
  2. Oracle Financials
  3. Wednesday, 29 May 2019
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Hello Kabeer,

Can you please help me with Budgetary Control Process in Oracle Project Planning and Control(PJT). What are the required steps to implement budgetary control process in PJT.

Thanks,
Kishore.
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Hello Kishore
Let me check and revert back to you at the earliest on this one.
Regards
Kabeer Khan
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  1. more than a month ago
  2. Oracle Financials
  3. # 1
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Hello Kishore
Budgetary Controls process steps in Oracle Projects
Step 1. Create Project and save. (further steps here are explained further in Projects training course)

Step 2. Enter Budget Amounts

Step 3. View Budgetory Controls setup on Project (Options > Budgetary Control > (B) Detail)

Step 4. Review Project Budget. The Funds Available = [Budget - (Actuals + Commitments)].

Step 5. Create Project Related Purchase Order (PO). This is done from Purchasing Responsibility. Here reference the Project and then reserve funds and then approve PO.

Step 6. View Funds Check Results. Change responsibility to Projects and then check in your Project.

Step 7. Match Invoice to PO. Done in Payables responsibility. Includes matching invoice to PO, validating invoice, Create Accounting, Transferring Invoice to Projects and Payment of Invoice.

Step 8. View Funds Check Results. Done in Projects responsibility under Budgets.

Please note that these are high level process steps and its not possible for me to explain detailed functionality here. You may PM me if you wish to purchase training for the above process.

Secondly, you may also purchase and download Oracle Projects suite process flows from our website, which includes the above Budget related process flows as well. Here's the link - https://aclnz.com/process-flows/projects/oracle-projects-process-flows
Regards
Kabeer Khan
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  1. more than a month ago
  2. Oracle Financials
  3. # 2
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Thanks Kabeer.
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  1. more than a month ago
  2. Oracle Financials
  3. # 3
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