PO Voucher Timing Problem

Posted January 10, 2006 in Accounts Payable, Financial Reporting and Accounting, Grants and Contracts Accounting, Procurement and Supply Management.

Incident to a recent upgrade in our enterprise financial system, a problem was inadvertently introduced. There may be timing glitches between the date a PO voucher for a project is disencumbered and the date the expense is recorded. For example: a PO voucher could be disencumbered in December and expensed in January. We are working to resolve the problem.