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CONTROL ACCOUNT BUDGETING

Discover the advantages of implementing control accounts in budget management from Kim Harvey's session at the 2006 Spring ASBO Pre-Conference. This presentation outlines how maintaining a single budget for multiple accounts can simplify financial oversight. Key features include lookup capabilities for monitoring budget activities across detail accounts and automated notifications for over-budget situations related to purchase orders and requisitions. Also, learn about program changes that facilitate the maintenance of control accounts effectively.

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CONTROL ACCOUNT BUDGETING

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  1. CONTROL ACCOUNT BUDGETING KIM HARVEY Spring ASBO Pre-Conference 2006

  2. WHY USE CONTROL ACCOUNTS? • ONE BUDGET IS MAINTAINED FOR SEVERAL ACCOUNTS • LOOKUP CAPABILITY FOR THE CONTROL BUDGET ACCOUNT WITH ACTIVITY FOR ALL DETAIL ACCOUNTS • SYSTEM CAN NOTIFY USER IF ACCOUNT IS OVER BUDGET FOR PO AND REQUISITIONS

  3. WHY USE CONTROL ACCOUNTS? • PROGRAM CHANGES ALLOW EASIER MAINTENANCE OF CONTROL ACCOUNTS WITH THE DETAIL ACCOUNTS • YOU CAN USE CONTROL ACCOUNTS WITH JUST CERTAIN ACCOUNTS AND NOT ALL, IF NOT CHECKING FOR OVERBUDGET ON PO OR REQ

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