Defining global factors

When defining budgets manually, the Budgeting application can automatically calculate the budget amount based on the units and rate that you specify. For example, if the budget is for labor costs, then you can specify the standard labor rate per hour and the number of hours as the budget units. You can assign a name and description to a rate to make it easier to select an appropriate rate. Use this procedure to define those names and descriptions for rates, called global factors.

  1. Access Global Factors (FB00.1).
    Note: Use the Attachment feature in the Factor field to define additional comments or URLs to link the global factor to a document, spreadsheet, web site, or to email the file.
  2. Use these guidelines to specify the field values:
    Factor/Description

    Specify a name and description for the factor that will help users easily recognize and choose the correct rate when they define budgets.

    Markup Percent

    Select No to identify the factor as a rate per hour or per unit.

    Sts (Status)

    This field determines the status of the account. Select Active to allow posting to the account.

    Rate

    Specify the rate per hour or per unit.

    Note: You can specify a negative rate.

Related reports and inquiries

To Use
List global factors in Global Factors (FB00.1) Global Factor Listing (FB200)
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