Purchase Orders
Purchase Order Field Descriptions
|
Term |
Definitions |
|
Funded Amount |
Budget amount for the PO. |
|
Max Purchase Limit |
Max limit allowed to spend on purchase orders. |
|
Encumbered |
Amount held for items on order not yet received. This amount is reduced based on order pricing when items are received. |
|
Expended |
Amount spent for items received.
|
|
Available |
Funded Amount (Encumbered + Expended) |
|
Start Date
|
Effective start date for the PO. Default to first day of current fiscal year. Fiscal year start and end dates are stored as Business Unit Setting MM/DD. |
|
End Date
|
Effective end date for the PO. Defaults to the first day of the next fiscal year. Fiscal year start and end dates are stored as Business Unit Setting MM/DD. |
Note: Purchase Orders are associated with specific vendors.