Budget Creation Options
There are four methods for creating fiscal year budgets. Which option you choose depends on the budget needs of your organization.
Option 1: Using the Data Import From Budgets Process
Use the Data Import From Budgets process (BUD008.SQR) if you have set up a fiscal year budget in PeopleSoft Budgets and want to use it as a basis for your commitment accounting fiscal year budget. Modify each individual department budget in the Department Budget Table after you have downloaded it, if necessary.
Option 2: Using the Build Current FY Budget Process
Use the Build Current FY Budget (build current fiscal year budget) process to build your current fiscal year budget. PeopleSoft delivers this process as a template that you use to establish budget information in your human resources system.
Because this is a template, you might have to modify it to meet the requirements of your organization. After you build your current fiscal year budget, modify each individual department budget in the Department Budget Table, if necessary.
Option 3: Using the Copy Prior Fiscal Year Budget Process
Use the Copy Prior FY Budget (copy prior fiscal year budget) process to generate a new annual budget using last year's budget information. PeopleSoft delivers this process as a template that you use to establish budget information in your human resources system.
Because this is a template, you might have to modify it to meet the requirements of your organization. After you copy the prior current fiscal year budget, modify each individual department budget in the Department Budget Table, if necessary.
See Option 3: Using the Copy Prior Fiscal Year Budget Process.
Option 4: Using the Department Budget Table Component
Use the Department Budget Table component to manually create annual department budgets.