Specifying purchasing limits and tolerances for security groups

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

  1. In the Security Groups application, select the group for which you want to set limits and tolerances.
  2. Click the Limits and Tolerances tab.
  3. Click New Row.
  4. 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.
  5. 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.
  6. Optional: Specify the upper and lower tolerances for invoices, taxes, and services. Use by amount or percent.
  7. Save your changes.


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