This chapter contains the topic:
You create budget versions to compare the actual amounts of a business process with the budgeted amounts. Budget information for a job can extend for the duration of the job, even if it is more than a year.
The system stores budget information in the Account Balances table (F0902) by the following ledger types:
| Ledger Type | Description |
|---|---|
| JA | Job cost budget amounts |
| JU | Job cost budget units |
In most instances, jobs are set up with an original budget for the life of the project. Changes to this budget are called change orders.
You create journal entries for budget change orders and post the entries to the Account Ledger table (F0911). The system stores these changes in the Account Balances table (F0902), in the period in which they occurred. There are 14 period net postings.
Add two non-print columns to calculate a column for total or revised budget, for example, total budget = BO + IC.
When creating a budget version, you need to use the following column amount codes:
| Code | Description |
|---|---|
| BO | Budget original (BORG) |
| IC | Inception to date through current period (used for reporting on budget change orders) |