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.