Creating Budget Formula Batches
You define budget formulas to calculate budget amounts. Your budget formulas can be simple or complex. You can use any combination of fixed amounts and account balances, including actual or budget amounts, statistics, and period-to-date or year-to-date balances from the current period, prior period or same period last year.
When you define budget formulas, you create a budget formula batch. The batch contains one or more budget entries, and each entry contains one or more formulas. Use budget batches and entries to group your budget formulas. For example, you might combine all formulas for a single department or division into one batch, or group all formulas for certain types of calculations into separate entries.
When you calculate budgets using a budget formula, General Ledger replaces any existing budget amounts directly; it does not create a budget journal.
Prerequisites
Define your budget organizations and assign the budget entry type "Calculated" to the accounts to which you want to budget.
Define your budgets.
To create a budget formula batch:
1. Navigate to the Define Budget Formula window.
2. Enter a Name and Description for the budget formula batch.
3. If you want to copy budget formula entries from an existing batch to your new batch, choose AutoCopy.
4. Create budget formula entries for the batch.
See Also
Creating a Budget Formula Entry
Copying Existing Budget Formulas
Defining Budgets
Defining Budget Organizations
Calculating Budget Amounts