Expenditures

An expenditure is an amount of money from a budget that has been spent on an activity. You can view expenditures at each level of your organization.

An expenditure is an amount of money from a budget that has been spent on an activity, such as a work order, service request, or inventory transaction. For every financial transaction, such as recording labor costs for a work order, Infor Public Sector creates a journal entry that records a credit and a debit to a specific budget account, following the common accounting practice of tracking assets and liabilities separately.

When recording a financial transaction associated with your budget, enter the appropriate allocation budget number as the source budget number if you want to record a credit for the budget or as the destination budget number if you want to record a debit for the budget. Infor Public Sector calculates the expenditures for the budget by subtracting the sum of credits from the sum of debits associated with its allocation budget numbers.