Understanding Position Budget Revisions by Business Unit

After you define position budgets, you can easily review and update a group of position budgets for the same business unit and fiscal year. You can use this revision method when you need to update several position budgets that are in the same business unit.

When you review the positions by business unit, you can compare the budgeted amounts for each position with the projected amounts and use this information to determine whether a position budget will be met by the end of a fiscal year.

The system calculates the budgeted and projected amounts by using the fiscal year that you enter on the form. If you do not enter a fiscal year, the system uses the default fiscal year for the home business unit.