Budgeting
Introduction
The Budgeting module allows an organization to create and analyze current and future budgets with flexible tools that provide current and year-prior budget data that is available for manipulation and creating "what if" scenarios. Users can control the time period in which changes can be made on a budget-version-by-budget-version basis.
Features
- Define up to 25 named versions of a budget for each year.
- Support annual, quarterly, monthly, and multi-year budgets.
- Period changes can be made on a budget-version-by-budget-version basis.
- Budget, expend, and control at different levels.
- Support global budget increases or decreases by percentage.
- Adjust budgets by plus or minus amount, plus or minus percentage, or override values.
- Utilize specialized balanced budget transfer and adjustment pages.
- Budget preparation interfaced from Budget Item Detail and Position Control modules.
- Download or upload Excel files to or from PC-based systems.
- Create trend analysis and straight-line projections from current and prior year actuals.
- Forecast and project salaries.
- Track and report all budget changes.
- Track budgets by fiscal year or any user-defined period.
Concept Topics
Direct Budget Update: Used during the budget preparation process.
Copy Budgets: Used for saving a "snapshot" for future reference and comparison.
Flat File Interface: Used for transferring a budget created on a spreadsheet.
Batch Budgeting: Used for making budget changes throughout the year.