Budget Transfers support the reassignment of approved budget values, typically where budget remains unspent for a particular cost type, department etc and where the budget has been exceeded for another cost type and / or in another part of the organisation.
Budget transfers can be created manually or can be requested by a user, typically when creating a purchase requisition or purchase order when performing a budget check (if Budget Control is active), in the event that a budget is exceeded, and the user has not been granted over budget permissions.
Workflow approval processes can be created specifically for budget transfer requests to ensure appropriate review and approval controls and checks are in place.
Budget Transfer Rules
Budget Transfer Rules provide the facility to define criteria that if a budget transfer meets, will allow the budget transfer to be updated without prior approval.