ERP Fund Requisition | PrismERP

Fund Requisition in PrismERP is used to request funds for operational expenses, project activities, departmental needs, or other official requirements within the organization. It follows a structured workflow from request creation to approval, recommendation, and disbursement. In this video, we demonstrate how to create a Fund Requisition entry in PrismERP, assign branch, department, employee, and project details, define requisition purpose and cost center, process recommendation and approval, handle partial or full disbursement, and verify the transaction through voucher and ledger entries. Key Steps of Fund Requisition in PrismERP: • Navigate to the Financial menu and open Fund Requisition • Create a new Fund Requisition entry • Select branch, department, and employee • Select project (if applicable) • Set requisition date and expected date • Enter instructions if required • Add requisition purpose (e.g., travel, transportation, etc.) • Select cost center and department • Enter requisition amount and additional details • Save the Fund Requisition entry • View the entry in the Fund Requisition List • Use search panel to filter specific requisitions • Observe Pending status after creation • Edit requisition while in pending state • Send for recommendation • Approve the requisition after review • Proceed with disbursement process • Select source and destination branch • Set disbursement date • Choose full or partial disbursement amount • Select payment method • Enter cheque or account details if applicable • Save to generate voucher • View voucher in requisition details • Track status as partially or fully disbursed • Verify transaction in ledger books • Check updated balance of credit account • Complete remaining disbursement if required Explore More PrismERP Documentation: https://docs.prismerp.net/ PrismERP Pricing: https://store.divineit.net/ PrismERP Website: https://www.prismerp.net/ #PrismERP #FundRequisition #FinancialManagement #ERPSystem #BusinessSoftware #ExpenseManagement