To set up budget control data

To set up the budget control data, use the following sessions:

  1. Implemented Software Components (tccom0100s000)

    Select the Budget Control check box to enable the budget control functionality.

  2. Budget Control Policy (tfbgc0110m000)

    Define a new budget control policy. See: To set up budget policy data.

  3. 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 Period Type for Budget Year field.

  4. 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.

  5. Budget Accounts (tfbgc1120m000)

    Define the necessary budget account and dimensions. The budget accounts can be used for any budget year.

  6. 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.

  7. Budget Structure - Ranges (tfbgc1630m000)

    Define the ranges of budget accounts for the budget structure, if required.

  8. Budget Authorizations (tfbgc1170m000)

    Define the budget authorizations for a budget at the following levels:
    • Budget Account
    • Budget Level
    • Budget Structure

  9. 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

  10. 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.

  11. Budgets per Year (tfbgc1110m000)

    Click Create Budget Structure to add new budget accounts to the budget tree.

  12. Budget Amounts (tfbgc1650m000)

    Review the budget amounts. To release the budget amounts, See: To maintain budget amount details.

  13. 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.

  14. 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

  15. Budgets per Year (tfbgc1110m000)

    Select the Active check box to activate the budget.

  16. Budget Control Policy (tfbgc0110m000)

    Select the Budget Control Active check box to activate the budget control policy.