Multi dimension budgeting procedure

Perform these steps for the multi dimension budgeting procedure for defining annual budgets:

  1. Define the parameters using the Financial Budgeting Parameters (tffbs0100s000) session. You must specify the default home currency.
  2. Specify the distribution codes that are maintained to distinguish between methods of distributing budget amounts across periods using the Budget Distribution (tffbs0101m000) session. You can define budget distribution codes using the Distribution method.
  3. Define a scheme to distribute budget amounts and budget quantities using the Generate Budget Distribution Data per Period (tffbs0202m000) session.
  4. Specify the percentages or factors, for the respective periods. This percentages or factors are maintained for distribution codes in the Budget Distribution Data by Period (tffbs0102m000) session.
  5. Access the Budgets (tffbs0503m000) session to:
    1. Define budget characteristics such as number of budget periods, type of budget, link with ledger accounts and the dimension types.
    2. Select a budget type
    3. Select the method of calculating the budgets.
      Note: For bottom-up budget, the budget amounts are registered by ledger account and dimension on sublevel 0.
  6. Define the budget attributes, including the budget currencies and the relation with home currencies using the Budgets by Year (tffbs0505m000) session.
  7. Access the Budget Defaults by Ledger Accounts/Dimensions (tffbs0504m000) session to define the default distribution codes for ledger accounts or dimension.
    Note: You can also define the data for a combination of ledger account and dimension(s). This data is defaulted in the Budget Amounts and Quantities per Year (tffbs1500m000) session.
  8. Define dependencies between ledger accounts expressed as a percentage using the Relations Between Ledger Accounts (tffbs0121m000) session.
    Note: 
    • This functionality is used to calculate the amount of target ledger accounts based on the budgeted amounts of source ledger accounts.
    • You can copy the budget or actual data (amounts and quantities) to another budget using the Copy Budgets (tffbs1202m000) session. If the budgeting method is bottom-up, only ledger accounts and dimensions at sublevel 0 are copied. You cannot copy data from a multi dimension budget to a single dimension budget.
  9. Define budget amounts and quantities in the Budget Amounts and Quantities by Year (tffbs1500m000) session . For bottom-up budget, you cannot enter budget amounts and quantities for ledger accounts and/or dimensions with a sublevel greater than 0.
  10. Rebuild budgets for the ledger accounts and dimensions structure using the Rebuild Sublevels (tffbs1204m000) session. You can only rebuild bottom-up budgets.
  11. Recalculate the budget amounts using the Recalculate Budget Data Based on Actual Data (tffbs1205m000) session.
  12. Maintain the budget amounts and quantities by period, using the Budget Amounts and Quantities by Period (tffbs1101m000) session in case the Periodic Distribution Mode check box is not selected. The total amount of all the periods must match with the amount specified in the Budget Amounts and Quantities per Year (tffbs1500m000) session.
  13. Print the budget amounts and quantities by year or by year and period, for the range of data specified the Print Budget Amounts and Quantities by Year (tffbs1400m000) session. Parent-child relations of budgets can also be considered.
  14. Compare the budget amount and quantities of a base budget with a comparison budget in terms of percentages and amounts using the Compare Budgets (tffbs1203m000) session. You can compare with other multi dimension budgets or single dimension budgets.
  15. Archive the budget data using the Archive / Delete Budgets (tffbs1201m000) session. Infor ERP LN deletes the archived data over a period of time except for master budget data.