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Acumatica Budget Validation basis of Validation

Budget Validation was considered as one of the key features in Acumatica. But what I have noticed was the main basis of budget verification is only the Budget Amount and not the Requested Amount vs (Budget Amount less the Amount Spent).
 
In this case, there is a high possibility of spending above the approved budget amount. Meaning to say there will be no control in the budget consumption. Whereas, if the basis of the Budget Validation comes from the Requested Amount vs (Budget Amount less Amount Spent), the Requestors can control the amount of their requests. Besides, that is what I thought the whole concept or the sense of this Budget Validation thing, right?
  • Meek Credo
  • Jul 3 2018
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  • Stefan Verwey commented
    June 12, 2019 12:23

    Project Commitment Analysis is also very lean or none existing.
    Projects have a life cycle where both income and expenses need to tracked.
    When Projects have a related budget, should the following measurements be taken into account:
     * Actual Expenses posted through the GL
     * Open PO's as commitments against the Budget
     * Budget
     * Remaining Budget
    This needs to be analysed on MTD and YTD basis

    This principle is not only applicable to Project Budgets but surely also to GL Budgets

  • Guest commented
    July 05, 2018 21:25

    This is best practice. Not including the amount spent is going to totally throw off budget availability.