This session will walk you through the steps required to find your Funds Available for a particular cost center.

Funds Available (FA) = Budget (B) - Actual (A) - Encumbrance(E)

Budget: Estimate of revenues and expenditures for which actuals may be measured against.

Encumbrance: Commitment of expenses.  Monies which have been committed for a particular expenditure.  E.g. A new computer has been ordered but not yet received.

Actual: Expenditures or revenues that have already been incurred/received.  E.g. The invoice for the new computer has been received and processed into Accounts Payable.

It is important to understand that a user cannot make any changes in the General Ledger but can only review the information. 

This session starts after the login process. For assistance on how to login refer to the Login training session.