Expenditures

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 Operations and Regulations 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 Operations and Regulations calculates the expenditures for the budget by subtracting the sum of credits from the sum of debits associated with its allocation budget numbers.