1. NetSuite Enterprise Performance Management
  2. NetSuite Planning and Budgeting
  3. Planning and Budgeting Financials
  4. Planning and Budgeting Financials User Guide
  5. Budgeting and Analysis
  6. Budgeting Management Overview
  7. Creating Budgets With Budget Builder

Creating Budgets With Budget Builder

Use the Budget Builder feature to create new Budgets, and use them to enter data for global assumptions or model "what-if" scenarios.

With Budget Builder, you can create a Budget based on data from a source (an existing Budget or Forecast Scenario). You can also adjust the source data to create new values for the Budget.

You can adjust the data by a percentage or specific amount. The values are allocated to the Budget evenly across the Budget Year or by seasonality (monthly allocation). For example, the August value from the source Scenario and Year gets adjusted and then used for August in the current Budget Year.

To create a new budget version:

  1. From the Home page, click the Budget card.

  2. Click the 1 tab on the left.

  3. Click Budget Overview.

  4. In the Point of View (POV), choose a Scenario, Version, Subsidiary, Currency, Year, and Period.

    Note:

    In the POV, your Scenario and Version options are set and limited by the user variable you chose.

  5. Right-click the data grid, and then select Create Base Budget from the menu.

    The Create Base Budget drawer opens.

  6. Choose a source Scenario and Year. Then, choose a target Budget Year, Subsidiary, and Currency.

  7. Under Seeding Methods, choose the method for populating data to the new Budget (referred to as seeding), and then enter your adjustments or targets. The methods are:

    • Seasonal With Optional Adjustment – Adjusts the source data by the percentage that you enter. Data is allocated to the Budget by seasonality.

      If you don't want to make any adjustments, then leave Adjustments or Targets at 0.

    • Average With Optional Adjustment – Adjusts the source’s total year by the percentage that you enter, and then spreads it evenly across the months in the Budget Year.

      If you don't want to make any adjustments, then leave Adjustments or Targets at 0.

    • High Level Target – Replaces the source data with the amount that you enter. Data is allocated to the Budget by seasonality.

      For this method, you need to enter a non-zero target value.

    • Targeted Adjustment – Adjusts the source data by the amount that you enter. Data is allocated to the Budget by seasonality.

      For this method, you need to enter a value greater than zero.

  8. Click OK.

  9. If you see a popup window confirming that the Budget was created, click OK.

General Notices