Funds Statuses in Oracle Cloud
Learn meanings of different Funds Statuses in Oracle Fusion Applications
While PR or PO creation and approval you will encounter different Fund Statuses. When I first started to use this application, these statuses were really confusing for me and that is the reason I wanted to share my knowledge with you on this topic. Maybe it can be useful to some of you after reading this article:)
Not applicable
It means there is no control budget that applies to a requisition distribution.
Passed
It means the funds check passed successfully, meaning, funds are available and the budgetary control period is open for all control budgets that apply to the requisition distributions.
Failed
It means the funds check failed either because a period is closed or funds are not available for one or more control budgets that apply to the requisition distributions.
Warning
It indicates that the funds are insufficient but the control budget allows for a tolerance amount or percentage over the available budget. This check funds status does not prevent the user from submitting the requisition for approval. Upon submission, the user will receive a warning message and decide whether to continue with the approval.
Reserved
This means the funds check passed successfully, funds are reserved and the commitment is created.
Liquidated
Finally, this means the commitment is reversed and the obligation is created for the purchase order associated with the requisition line.
That is it, guys:) Hope you are clear with the topic. If not, please do not hesitate to reach me.
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I am an Oracle Functional Specialist with more than 6 years of experience. I help clients to understand software capabilities and to analyze business needs. My main goal is to recommend solutions and ultimately guide through all phases of Oracle Cloud Applications. I am also inspired to write about life, improvement and personal growth.
