Defining Budget Edit Parameters for Company

Use this procedure to define budget editing parameters at the company level.

To define budget edit parameters for company

  1. Access Company (GL10.1).
  2. Define the budget edit range and type in the Budgets tab for the company. Use the following guidelines to enter field values:Defining a company
    Budget Edit Date Range

    Select how the system will edit your budget.

    N = No Edit

    P = Period Budget edits against the detailed or summarized budget for the period.

    Y = Year to Date Budget edits based on the total detailed or summarized budget year-to-date for the current period.

    A = Annual Budget edits against the total detailed or summarized budget for the year.

    Note: A warning message will display if you select a Budget Edit Date Range but have not defined a Commitment Budget.
    Budget Edit Type

    Select the type of edit you want.

    Detail. The system will use a specific accounting unit and account to edit the budget.

    Summary. The system will use a group of accounting units or accounts to edit the budget. To use Summary type, you must define a budget edit group on Budget Edit Group (FB11.1). To learn how to define a budget edit group, see the General Ledger Budgeting User Guide.

    Tolerance

    Optional. You can type a percent by which the budgeted amount can be exceeded.

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