Usage of Financial Budgeting System (FBS) in Controlling

You can use Financial Budgeting System (FBS) functionality for registering, handling, and monitoring all budget amounts and quantities necessary for planning by ledger account or dimension or a combination of both.

The company’s controller performs top-down budgeting. In the Financial Budgeting System (FBS) functionality, you can start budgeting on an account level or on cost-type level. In Infor ERP LN, this type of budgeting is called multi-dimension budgeting. In Infor ERP LN, you can run both systems simultaneously to help the controller to negotiate budgets with the cost center managers or with management.

The data required to use the FBS functionality:

  • The ledger accounts and dimensions
  • The currencies
  • Cost object defining attributes, like item, warehouse, or projects
  • Manufacturing projects
  • Basic cost-price calculation data like cost-price calculation code, cost component, operation rates and surcharges

Information for setting up FBS

  • Master Data: Use these master data to define and modify static data:
    • Budget currency and parent-child relations between budgets
    • Budget distribution
    • Budget defaults
    • Reference units
    • Hierarchies
    • Report structures
    • Ledger account structure
    • Dependencies between ledger accounts
  • Budget Data
    • This data includes the maintenance of budget data, such as amounts and quantities and/or performances. The purpose is to set up financial budgets with which the actual results can be compared.
    • Budgeting can be performed in relation to ledger accounts or dimensions. Budget amounts and quantities are planned per year and broken down into period values. For performance-dependant budgeting, rates and surcharges are calculated for the year values and can be integrated into the Cost Price Calculation (CPR). Only project surcharges are integrated into the Project Control System (PCS).
  • Hierarchical Analysis with Hyperion OLAP
    • This object can be used for exporting budget data to Hyperion OLAP for hierarchical analysis of single-dimension budgets. You can also review the deviation-analysis results according to multiple hierarchies on ledger accounts and dimensions.