Why are many of the Total Commitments larger after FPC?

Question

Why are many of the Total Commitments larger after Fiscal Period Close?

Answer

Certain line items that were invoiced in the previous ledger will roll over as a Total Commitment in the new Ledger after FPC is run. This happens when Line Item Status= Approved or Received Partial AND the Invoice Status= Invoiced.

Additional Information

If you do not want those Commitments in the new ledger you will need to de-commit the fund by doing one of the following:

Invoice the line item at $0 (create a dummy invoice for the line item and set the Actual Price to $0).

OR

Use the Edit Approved Line Item feature and set the List Price on the PO line item to $0.

• Article last edited: 05-Jul-2016