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Budgets Setup Details

Setting up budgets is optional. If you do not want to use the budget option, do not set up. Budgets can be set up at any time because they do not affect the setup process. When you are setting up, you must set up budget versions first and then set up budgets for each entitycompany. Initially, we suggest that you set up one budget version and budget as the default version for each entitycompany.

Examples of budget versions include prior year budgets, quarterly or semi-annual budgets, or future year budgets. As you set up more of the system, you can add additional budget versions and budgets. You can add as many budgets as needed for each entitycompany.

ClosedRecord Type

Note that the account numbers in the grid for which you can set up budgets include a record type. Only budgets that carry a record type of Detail can have a budget added, edited, or deleted. Refer to the Account Maintenance Tab for more information on record types.

ClosedSetup Prerequisites

EntitiesCompanies must already be set up and available for selection. Refer to Entities Concepts and Processes for more information.

General ledger accounts must already be set up and available for selection. Refer to Accounts Overview for more information.

Budget versions must already be set up and available for selection before budgets can be created.

See Also

Budgets Overview

 

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