Requesting expense account budget

You can create or request a new budget by Expense Account.

See Infor HR Talent User and Administration Library (Cloud and On-premises) and select User > Position Monitoring.

Planning Level = Expense Account

  1. Select Jobs and Positions > Position Monitoring > Position Budgets.
  2. Select a position plan.
  3. Click the Budgets tab.
  4. Click Create to create a budget request that does not require approval.
    Optionally, click Request A New Budget to request a budget which is sent for approval.
  5. Specify this information:
    Budget Date
    Specify a budget date range for the position plan.
    Ledger
    Select the position for which you want to define a budget.
    Accounting Entity
    Specify the accounting entity required for the planning level of expense accounts.
    Specify the Accounting Unit, Account, and Project fields to create a new budget.
    The Finance Dimension 1 and 2 fields are displayed and are optional.
    Note: You can define multiple budgets for the same position, but with different start dates. When a budget action is taken that includes the position, the effective date of the Hire action determines which budget to apply.
    FTE
    If the position plan budgets by FTE, then specify the budgeted FTE for the position.
    Headcount
    If the position plan budgets by headcount, then specify the budgeted headcount for the position.
    Salary
    If the position plan budgets by salary, then specify the budgeted salary for the position and the currency in which the salary is expressed.
    When you save the budget, the salary amount is converted to the position plan currency.
    Budget Reason
    Select a reason for defining the budget. Budget reasons are defined in Administration > Set with a subject of HCMPositionPlanBudget.
    Comments
    Optionally, add comments about the budget.
  6. Click Save.
    The budget is displayed after it is approved.