Encumbrances and commitments
An encumbrance or commitment are funds that an organization commits to spend at a future date with a supplier or vendor when the organization sends a purchase order. In Sparkrock 365, an encumbrance is the amount, including the tax expense in the local currency for the purchase order lines based on the quantity and unit cost that is remaining to be invoiced.
To learn more about encumbrance administration in Sparkrock 365, in the following table, select the links.
To | Go to |
---|---|
Learn how Sparkrock 365 tracks encumbrances. | Encumbrance tracking |
Learn how to delete detailed encumbrance entries. | Delete detailed encumbrance entries |
Learn how to view encumbrance entries. | View encumbrance entries |
Learn how to view detailed encumbrance entries. | View detailed encumbrance entries |
Learn about column definition ledger entry type calculations. | Column definition ledger entry type calculations |
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