Prerequisites

Before you enter amounts in a budget ledger, you must:

1. Define a ledger template.

2. Link the template to a detail budget ledger.

3. Add the budget ledger to a budget ledger group.

4. Activate the budget ledger groups for business units.

Note:

The scenario ChartField in the budget ledger and budget journal line records does not exist in the standard ledger definition. PeopleSoft Budgeting uses the scenario ChartField extensively because that ChartField facilitates an integration link between PeopleSoft Budgeting and General Ledger. Even if you do not currently use PeopleSoft Budgeting or populate values for this ChartField, retain the additional ChartField in the general ledger budget records. You cannot include a budget ledger in a budget ledger group with other types of ledgers. That is, you must not include budget ledgers with an actuals (recording) ledger or any other type of ledger in a ledger group. You do not have to use the same accounting calendar for a budget that you use for an actuals (recording) ledger. You create calendars on the Detail Calendar page, activate the budget ledger, and select the calendars that you want to use for the standard budgets.