Chapter 9. PeopleSoft Commitment Control
Commitment Control is an optional feature of PeopleSoft used for enforcing budget control over an organization's spending. It enables an organization to perform what is known as "encumbrance accounting", or commitment accounting. Using this feature, organizations can define budgets for various categories of their spending and track each spending transaction against available budget amounts. Although commitment control configurations are part of the General Ledger module, it spans many more modules such as Purchasing, Accounts Payable, Expenses, Billing, Accounts Receivable, and so on, which are responsible for creating transactions for spending as well as generating revenue.
In this chapter, we'll cover ...
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