Processing commitments

A commitment is an expense that will be charged to an activity at a future date. Tracking commitments allows you to see real-time costs in Project Accounting. If you use budget edits, or you want to process encumbrances, it is important to understand how commitments work. This chapter provides information and procedures for tracking commitments in Project Accounting.

Complete all required setup in the Setup section of this user guide. If you will be tracking commitments, then you must also complete all setup described in this chapter before you enter any transactions.