Vendor Commitment Transaction

A vendor commitment transaction or action:

  • Reserves funds in anticipation of a future obligation.
  • Precedes a procurement action (generally) for which the acquisition management office will enter into an agreement with another entity to provide the requested goods or services.
  • Is posted as soon as possible to ensure proper funds control.

To facilitate the procurement process, IFMIS will provide the acquisition management procurement system with IFMIS commitment actions designated for procurement by acquisition management.

To post a commitment transaction in IFMIS, you must access the main Commitment screen by selecting Cost Posting Subsystem>Enter Cost Posting Document>Vendor Documents>Commitments from the IFMIS Main Menu.

IFMIS main menu listings in order to complete a commitment transaction: Cost Posting Subsystem, Enter Cost Posting Document, Vendor Documents, and Commitments