As a result, they can identify and correct any deviations long before annual budgets are exceeded, which in turn permits more effective financial management. Appropriation control at time of entry, with optional security overrides. Journal balancing by Fund. Automatic handling of encumbrance accounting, including partial and complete liquidation payment. The modules include additional standard inquiries and reports users can request as needed.
Detailed reports provide audit trails for the higher level status and summary reports.
The Plus Fund modules include the ability to monitor and track multi-year projects, programs, and grants. Encumbrance Accounting The Plus Fund Purchase Order and Accounts Payable additions provide control and accounting for financial obligations from the time a requisition is submitted until the vendor payment is completed. Funds may be encumbered or pre-encumbered, with budget availability verified at the point of original entry. Recording of Encumbrances in detail in the month the Purchases Order is issued. Changes, additions and deletions are also maintained to keep an accurate balance of funds encumbered.