Hi Sam,

The answer to your first question is no. Event budgets have to be setup separately in Purchase Orders and are not dynamically linked to the GL. But you can retrieve GL budgets into Purchase Orders and then PO can be set to block purchases if it's over the "event" budget which tracks the GL totals. The problem is that if you make changes to the budgets in the GL, event budgets won't know about the change in budget unless you retrieve them in PO.

As for your second question, it sounds like you're trying to do encumbrance accounting. There is a workaround for it, but it's not easy to setup and requires PO, Gridview, provisional posting and FX.