Encumbrances Module

The Encumbrances module gives your organization real-time visibility into committed funds, enhancing budget control and helping prevent overspending. By reserving funds for planned expenditures, you can track obligations alongside actual expenses for more accurate financial reporting and improved compliance. Hand-in-hand with Accounts Payable, this module streamlines administration and reporting of encumbered funds while helping you stay within budget. Learn how to add this module in MIP. Watch our video overview of the Encumbrances workflow.

 

Manage your financial commitments

Create and manage encumbrance transactions with ease. Allocate committed amounts to specific funds, grants, or programs, and automatically liquidate encumbrances as invoices are processed.

View your encumbrances balances

Stay informed with clear, real-time views of your encumbrance balances, including beginning balances, current activity, and ending balances.

Run reports to keep track of your activity

Access pre-built reports or design custom ones to monitor encumbrance activity in detail.

 

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