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Is “fund balance reserve for encumbrances” the same as “encumbrances outstanding” the same as “reserved encumbrances”?
I have no idea why they name it differently. Its named differently everywhere and its only confusing me more!.
I’m trying to understand how to record PO’s when they’re issued.
I think its:
Debit Encumbrances
Credit “Fund Balance reserved for encumbrances/encumbrances outstanding/reserved encumbrances”
Formerly-DABReg 80
Bec 80
Far 73 75
Aud 69 89
Done! Time to live life again!
REG-80-1X
BEC-80-1X
FAR-73-1X
FAR-75-2X
AUD-September 2016
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