Do you know anything about Public Sector Budgeting

[zeeshan.qazi]

can somebody tell me the important features of PSB and it integration with <b>GL Budgeting</b>, how it organize its functions & implememtation etc?

if possible please explain me.

Thanks & Regards

Zeeshan

[SIVAKUMAR_G]

Hi

The Public Sector Budgeting is same as Encumbrance accounting . The Encumbrance Accounting was originally developed for Public Sector Financials and same was later on used for Normal Financials

The Public Sector Enterprises by their Nature would like to control the expenses rather than increasing the revenue. That is the reason Expenses based control Accounting has evolved.

If you would like to know more, Go through the Encumbrance and Budgeting part in GL user guide and another important aspect you should know use they use Fund based accounting

For Example You may have one single real bank account but would like to have it as Multiple Fund account to control the Payments. This can be accomplished using Pooled account concept. There is an Inter fund Receivables also with which you can have as many receivables line for every revenue line using transaction codes.Creating multiple Receivables lines for every Revenue line is not possible with standard Financials. It will have only one Receivables lines till 11.5.10.2. In R12 they brought subledger accounting which was derived from Federal accounting which has the feature to have as many Receivables accounting line for every revenue line if you want.

There is a separate user guide available for Public sector Financials. Go through if you would like to get more information

Regards
Sivakumar

[taimoorali]

Try to study GL Budget and then study PSB UG, it'll help u alot

[leo_yasir4u@yahoo.com]

The PSB is same as Encumbrance accounting . The Encumbrance Accounting was originally developed for PS Financials and same was later on used for Normal Financials.