1. SuiteApps
  2. Expense Commitments and Budget Validation
  3. Creating a Custom Budget in Expense Commitments and Budget Validation

Creating a Custom Budget in Expense Commitments and Budget Validation

Create a custom budget for a combination of budgeting year, segments, and account.

To create a custom budget:

  1. Go to Budgets > Enter Custom Budgets > New.

    The Custom Budget page opens.

    Important:

    Do not create a custom budget by clicking New Transaction on the Custom Transaction Types page (Customization > Lists, Records, & Fields > Transaction Types).

  2. From the Budget Method field, select the budget method.

  3. From the Financial Year list, select the financial year.

    If the Multiple Calendars feature is enabled, the SuiteApp appends the financial year with the fiscal calendar name. For more information, read Enabling Multiple Calendars.

  4. In the Budget Name field, enter a unique budget name.

  5. From the Subsidiary list, select the subsidiary to which you want to associate the budget.

    If the Multiple Calendars feature is enabled, the SuiteApp filters the subsidiary list based on the fiscal calendar. For more information, read Assigning a Tax Fiscal Calendar to a Subsidiary.

  6. (Optional) To roll over the unused budget from the previous budget period to the new one, check the Roll Over Budget box.

  7. In the Lines sublist, select the following:

    1. From the Account list, select the Account for which you want to create the budget. The selected account must be associated with the selected subsidiary.

      If you do not select account classification in the Fields and Segments for Validation budget preferences, the SuiteApp does not consider this account selection for validation.

    2. In the appropriate classification columns such as Department, Class, and Location, select the values that are associated with the selected subsidiary.

    3. Perform one of the following:

      • If the budget method selected is Yearly, Quarterly, or Monthly, enter amount in the appropriate Year, Quarter, or Month columns.

      • If the budget method selected is Custom, enter the start and end dates in the Start Date and End Date columns and the amount in the Custom column.

    4. Click Add.

    5. (Optional) To add more accounts and budgets, repeat steps a to d.

      Important:

      If you change the subsidiary, all the transaction lines are cleared.

  8. Click Submit.

Note:

Either keep the Budget Control list blank or select the same budget control that is selected in the Budget Control list in the Budget Preferences page. When you select this budget control, all validations and warnings set in the budget control apply to the budget.

Related Topics

General Notices