Budgets for Secondary Accounting Books
You can create and report on budgets and set independent Budget Exchange Rates for secondary books as well as your primary accounting book. Budgets for secondary books retain the functionality of budgets for primary books and can be used to compare your secondary book data with budget values. Budgets for secondary books are particularly useful if you create budgets in a secondary book base currency.
To use this feature, you must have NetSuite OneWorld and the Multi-Book Accounting feature enabled.
For information on how to set up a budget for a secondary accounting book, see Setting Up a Budget.
As with budgets for primary books, you can import secondary book budget data from CSV files. For information on importing budget data from CSV files, see Importing a Budget.
Budgets for secondary books support the following Budget reports:
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Budget Income Statement
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Budget Income Statement Detail
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Budget vs. Actual
Secondary book budgets can be used with or without the Multiple Budget feature. In both cases, you can create budgets for secondary books with global budget categories, but only if the secondary books can be consolidated and include the parent subsidiary.
If you do not have the Multiple Budgets feature, budgets for secondary books are treated as global budgets by default. With the Multiple Budgets feature enabled, you can create budgets with local budget categories without any restrictions.
Secondary budgets are copied when you copy budgets at Transactions > Financial > Copy Budgets
For information on copying a budget, see Copying a Budget.