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Control your Budgets using Encumbrance Accounting in Oracle

Content What is Encumbrance Funds? and where is it used? Phase 2: Encumbrance (Obligation) Encumbrances Internal Encumbrance Reporting Tools for Encumbrances: Close Encumbrance Periods This allows organizations to determine the amount of funds available for future spending. As a result, they’re able to avoid exceeding the allocated budgets and minimize overspending. Budgetary control involves additional …

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