An Accounting Flexfield segment that you define so that General Ledger automatically balances all journal entries for each value of this segment. For example, if your company segment is a balancing segment, General Ledger ensures that, within every journal entry, the total debits to company 1 equal the total credits to company 1.
Bill of Exchange
In Oracle Receivables, an agreement made with your customer in which they promise to pay a specified amount on a specific date (called the maturity date) for goods or services. This process involves the transfer of funds from your customer’s bank account to your bank account.
In Oracle Cash Management, a method of payment involving the transfer of funds between bank accounts, where one party promises to pay another a specified amount on a specified date.
In Oracle Payables, a method of payment. Also known as a future dated payment in some countries.
Budgetary control
An Oracle Financials feature you use to control actual and anticipated expenditures against a budget. When budgetary control is enabled, you can check funds online for transactions, and you can reserve funds for transactions by creating encumbrances. Oracle Financials automatically calculates funds available (budget less encumbrances less actual expenditures) when you attempt to reserve funds for a transaction. Oracle Financials notifies you online if funds available are insufficient for your transaction.
• Absolute: The transaction is rejected if sufficient funds are not available.
• Advisory: The transaction is accepted when sufficient funds are not available, but a the system issues a warning notification that available funds are exceeded.
• None: The transaction is accepted and no funds check is performed.
• Advisory: The transaction is accepted when sufficient funds are not available, but a the system issues a warning notification that available funds are exceeded.
• None: The transaction is accepted and no funds check is performed.
Business group
The highest level of organization and the largest grouping of employees across which a company can report. A business group can correspond to an entire company, or to a specific division within the company. Each installation of Oracle Projects uses one business group with one hierarchy
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