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Can you record obligation even if goods are not yet delivered or services are not yet rendered?
For instance, contract for security and janitorial service, do you obligate the whole amount of contract upon approval of the contract or obligate only that pertains to the monthly cost of the contract which have already been rendered?
According to the DBM:
Obligations are liabilities legally incurred and committed to be paid for by the government either immediately or in the future.
Disbursements refer to the actual withdrawal of cash from the Bureau of the Treasury due to the encashment of checks issued by agencies and payment of budgetary obligations.
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In my opinion we obligate with the PR or prior to publishing/posting procurements, for that will become the basis of our ABC. Anyway theres a COA guidelines to adjust the amount obligated earlier to conform with the actual contracted obligation.
Bsta may commitment may obligasyon. Kaya wag mangangako kung di kayang panindigan 🤣
No. We only record goods delivered and services rendered to become valid obligations.
In my opinion, Dapat goods delivered and service rendered na… Kasi in the end..hihingian kadin ni coa ng valid documents to support the obligation recorded…
Upon the acceptance of the goods/services.