Difference between PO Closed and PO Finally Closed
We can open a closed purchase order but you cannot take any control action on Finally Closed POs.
The system automatically closes the PO if completely received and billed depending on the matching type selected.
Users can close the PO manually also. We cannot perform receipt or invoice against the Final closed PO.
If the encumbrance is enabled, then during the Final close non-utilized PO amount will be released back to the budget.
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