For security groups, you can
specify approval limits for
purchase requests, purchase orders, material requisitions, invoices,
and contracts. You can also specify the amount that invoices, taxes,
and services can deviate from an initial agreement.
Procedure
- In the Security Groups
application,
select the group for
which you want to set limits and tolerances.
- Click the Limits and Tolerances tab.
- Click New Row.
- Specify an organization. After you specify
an organization, the Base Currency field, which
is read-only, is populated with the base currency 1 for each organization. You must use this currency in setting limits.
- Optional: Specify the values for limits.
When
you create a record, the values in these fields default to 0. A value of 0 in a field indicates
that the group has a limit of 0. A blank
field means that the group has unlimited approval permissions.
Option |
Description |
PR Limit |
Specify the
maximum amount on a purchase request that the
group can approve. |
PO Limit |
Specify the maximum amount on a purchase order that the group
can approve. |
MR Limit |
Specify the maximum amount on a material requisition that
the group can approve. |
Invoice Limit |
Specify the maximum amount on an invoice the that the group
can approve. |
Contract Limit |
Specify the maximum amount on a contract that the group can
approve. |
- Optional: Specify the upper and lower tolerances
for invoices, taxes, and services. Use by amount or percent.
- Save your changes.