Defining and maintaining budget categories

Note: Not applicable if you are using Infor Learning Management.
  1. Select Development Planning > Set Up > Budget Components > Budget Categories.
  2. Click Create.
  3. Specify this information:
    Effective Date

    Required. Specify the effective date.

    Budget Category

    Required. Specify the name of the budget category.

    Description

    Specify the description of the budget category. If left blank, the budget category name defaults.

    Active

    Select this check box to make the budget category active. Inactive budget categories do not display in lists.

    Budget Calculation Percent

    Specify the default budget calculation percentage for the budget category. The percentage will default on all budgets that use the budget category. The percentage can be modified on individual budgets.

    Hourly Method

    If your organization has resources that have an Hourly pay rate type, select the default hourly calculation method to be used in calculating budgets for this budget category.

    The calculation method will default on all budgets that use the budget category. The calculation method can be overridden on specific budgets.

    Monthly Method

    If your organization has resources that have a Monthly Salary pay rate type, select the default monthly calculation method to be used in calculating budgets for this budget category.

    The calculation method will default on all budgets that use the budget category. The calculation method can be overridden on specific budgets.

    Annual Method

    If your organization has resources that have an Annual Salary pay rate type, select the default annual calculation method to be used in calculating budgets for this budget category.

    The calculation method will default on all budgets that use the budget category. The calculation method can be overridden on specific budgets.

  4. Click Save

    Maintaining budget categories:

    • To update a budget category, open the budget category, update any of the editable fields, select an effective date, and save.

    • To delete a budget category, open the budget category, specify an effective date, click Delete, and click Yes to confirm.

      Note: You cannot delete a budget category that is used in a budget.