Finalizing budgets

Note: Not applicable if you are using Infor Learning Management.

Any development activity you add against the budget after completing the budget will be considered outside out-of-budget for the development period and handled separately.

Ensure that all development activities that should be included in the budget have been added and the estimated costs included before you complete the budget. If the budget owners are managers, all of the managers' distributed budget amounts should have a status of Review Complete.

Select Development Planning > Learning Budgets > Finalize Budgets.
On the Development Periods tab, select a development period to view which budgets are finalized and not finalized for the development period.
On the Development Periods tab, select Finalize Budgets.
On the Finalized Development Periods form, select the development period (required), and development budget to finalize, and click OK.

Note: If you do not select a budget, all budgets for the development period are finalized.
Select the Finalization Results tab to view the results.
If the finalization was successful, a green icon displays next to the budget.

If the finalization contained errors, a red warning displays next to the budget. Select the budget and click the finalization Errors tab to view the errors.

Results:
- All of the development activity requests in the budget are approved and are flagged as being part of the finalized budget.
- If the budget had the Recalculate Budget option selected when you completed the budget, the system recalculates the managers' distributed budget amounts to equal each manager's approved development activity requests. The total budget amount does not change.
- When all of the budgets within a development period are completed, the development period is comlpeted.