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You can generate MassBudget journals that reverse existing budget balances and post new budget allocation amounts, or generate journals that increment the existing budget balances to match the current budget allocation amount.

You can generate MassBudget journal batches for any period range if the range falls within an open budget year. General Ledger creates an unposted budget journal batch for each period in the range.

Prerequisite

   Define your budget organizations and assign the budget entry type "Calculated" to the accounts to which you want to budget.

   Define your budgets.

   Open a budget year.

   Define MassBudget formulas.

   To generate a MassBudget journal batch:

1. Navigate to the Generate MassBudget Journals window.

2. Enter the MassBudget batch you want to generate. You can select any batch that is validated.

3. Enter the From Period and the To Period for which you want to generate MassBudget journals. General Ledger automatically displays the Period Last Run if you have generated the batch previously.

4. Specify the Allocation Method for the MassBudget batches you are generating. You can generate journals that reverse existing budget balances and post new budget allocation amounts, or generate journals that increment the existing budget balances with the current budget allocation amount.

5. Choose Generate. General Ledger submits a concurrent process that creates an unposted journal batch for each period in the range you specify.

6. Review the generated MassBudget journal batches using the Enter Journals window. General Ledger names your MassBudget journal batches as follows: MB: <Request ID> <MassBudget Batch Name> <Period> For example, MB: 47566 Rent Budget Allocation JAN-95.

7. Post the MassBudget journal batches.

See Also

Entering Journals

Defining MassBudgets

Defining a MassBudget Formula

Posting Journal Batches