| To set up budget control dataTo set up the budget control data, use the following
sessions: Implemented Software Components (tccom0100s000) Select the Budget Control check box to enable the budget control
functionality. Budget Control Policy (tfbgc0110m000) Budgets (tfbgc1100m000) Define the budget code, specify the budget amount display
method and the period type for the budget year. - Select the budget code in the Budget field
- Define the pattern in which the budget amounts are
displayed, select either Annually or Periodically option in the Maintain and Track Budget Balances field.
- Define the period type. Select either Fiscal or Reporting option in the Budget Period Type field.
Budgets per Year (tfbgc1110m000) - Select the Budget to be linked, from the Budgets (tfbgc1100m000) session. Define the currency used for budget balance
amounts and transactions.
- Submit the budget for approval, click Submit for Approval, the Status of the budget is set to Pending Approval. If you have appropriate authorizations, you can approve the
budget.
- To approve the budget, click Approve, the Status of the budget changes to Approved.
Budget Accounts (tfbgc1120m000) Define the necessary budget account and dimensions. The budget accounts can be used for any budget
year. Budget Structure (tfbgc1130m000) Define the budget structure and link the required budget
accounts. Note: To define a
budget structure, the budget must have the status Modify. Budget Structure - Ranges (tfbgc1630m000) Define the ranges of budget accounts for the budget structure,
if required. Budget Authorizations (tfbgc1170m000) Define the budget authorizations for a budget at the following
levels: - Budget Account
- Budget Level
- Budget Structure
User Profiles (tfbgc1180m000) Define the user profile. The user can control the budget
activities, if you select the Budget Controller check box in the User Profile (tfbgc1680m000) session. Set the level of notifications to be
received, when an exception occurs. The exception notification can be received
for the following levels: - Budget Account
- Budget Level
- Budget Structure
Budgets per Year (tfbgc1110m000) Click Import Budgets to import budget accounts and amounts
from an external file. The Import Budgets (tfbgc5100m000) session opens. To import budget details, See: Import Budget Transactions. Budgets per Year (tfbgc1110m000) Click Create Budget Structure to add new budget accounts to
the budget tree. Budget Amounts (tfbgc1650m000) GL Codes (tfgld4575m000) Specify the GL code in the GL Code field. Select Ledger Account and Used for Budgets check box. Select Active check box to activate the GL code. Transaction Types (tfgld0511m000) Define transaction types for the following transactions : - Cost Invoices
- Purchase Corrections
- Invoices related to purchase orders
- Credit notes related to purchase orders
- Journal vouchers
- Recurring Journal Vouchers
- Cash
Budgets per Year (tfbgc1110m000) Select the Active check box to activate the budget. Budget Control Policy (tfbgc0110m000) Select the Budget Control Active check box to activate the
budget control policy.
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