Budget management functionality that FOLIO needs to stay competitive (UXPROD-3442)

[UXPROD-4490] Allow user to process invoices against upcoming fiscal years Created: 04/Oct/23  Updated: 04/Oct/23

Status: Draft
Project: UX Product
Components: None
Affects versions: None
Fix versions: None
Parent: Budget management functionality that FOLIO needs to stay competitive

Type: New Feature Priority: P3
Reporter: Dennis Bridges Assignee: Joseph Reimers
Resolution: Unresolved Votes: 0
Labels: acquisitions
Remaining Estimate: Not Specified
Time Spent: Not Specified
Original estimate: Not Specified

Issue links:
Cloners
clones UXPROD-3256 Allow user to process invoices agains... Closed
Epic Link: Budget management functionality that FOLIO needs to stay competitive
Development Team: Thunderjet
PO Rank: 70.1

 Description   

Overview:

Allow user to select upcoming fiscal years when approving an invoice such that payments or credits would impact a budget from a that fiscal year. This is important for managing financial records and balancing budgets.

Use case:

  • For example, we're currently paying renewal fees for our 2022 subscriptions, ie we're making payments in our 2021 FY that will be accrued to the 2022 FY. It would help a lot if Folio allowed us to make these payments against the next FY's funds.

see https://folio-org.atlassian.net/wiki/x/_ARU for more detailed use cases

Questions

In-scope:

  • Allow user to approve invoice for an upcoming fiscal year

Approach:

Out of scope:


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