What does Commitments mean on the summary statement?
Commitments refer to three possible things. • Outstanding purchase orders that have balances on them. (Sometimes a purchase order will have a balance when the goods have actually been received in full. To close out a purchase order with a balance that is not expected to be used, write to PO close out and provide the purchase order number.) • Labor Distribution System (LDS) commitments. The LDS is an MIT-developed system to forecast salary expenses, which can be used at the discretion of your DLC. If there are commitments for salary general ledger accounts they are probably LDS commitments. Users interested in the Labor Distribution System should contact Fred DiPhillipo, 617-258-8879. • Manual Reservations. MRs are an SAP feature that enables you to commitments funds when youre not ready to issue a purchase order or when a purchase order is not appropriate, such as with travel expenses.
Commitments refer to three possible things. • Outstanding purchase orders that have balances on them. (Sometimes a purchase order will have a balance when the goods have actually been received in full. To close out a purchase order with a balance that is not expected to be used, write to PO close out and provide the purchase order number.) • Labor Distribution System (LDS) commitments. The LDS is an MIT-developed system to forecast salary expenses, which can be used at the discretion of your DLC. If there are commitments for salary general ledger accounts they are probably LDS commitments. Users interested in the Labor Distribution System should contact Fred DiPhillipo, 617-258-8879. • Manual Reservations. MRs are an SAP feature that enables you to commitments funds when you’re not ready to issue a purchase order or when a purchase order is not appropriate, such as with travel expenses.
