Understanding General Ledger Standard Budgets

PeopleSoft General Ledger enables you to develop, maintain, and report on standard budgets, also referred to as static budgets. As with actual or statistical data, you maintain budgets in a ledger. You can create any number of separate ledgers to track various types of budgets, including high-level forecasts and budgets based on summary ChartField levels.

This section lists prerequisites and discusses:

• Methods for creating and maintaining standard budgets.

• Budget spreading, repeating, and percentage-increase processes.

• The Budget Copy process.

• The Budget Allocation process.

Note:

Standard budgets do not include control budgets, which are set up and maintained using the Commitment Control feature.