Budget Adjustments

The budget adjustments can be made to adjust the budget balances or to reverse the budget amounts. To adjust the balance amounts, create a transaction in the Budget Control Adjustments (tfbgc2120m000) session.

Adjustments can be made to the following types of budget balances:

• Commitment
• Encumbrance
• Expense
• Payment
• Budget

You can use adjustments to resolve budget exceptions that occur during the budget check process. You cannot delete or amend the budget adjustment after you save the adjustment and the budget is rechecked,. To readjust or reverse the transaction, you must enter a new transaction.

To adjust the budget amounts, complete the following steps in the Budget Control Adjustments (tfbgc2120m000) session:

1. Select the number series, budget year and the budget code in the Adjustment, Budget Year and Budget fields, respectively.
2. Specify the amount to be adjusted in the Amount field and the effective date in the Effective Date field.
3. Select the reason to adjust the amount in the Reason field. You can attach a document or add a text to specify the reason for the adjustment.