This process describes how an overall budget is defined for HR Funds and Position Management. An overall budget is a hierarchical structure containing budget structure elements. You can define how the various budget structure elements fit into the budget hierarchy, and in this way take account of the individual needs of your organization.

Budgets are assigned to the budget structure elements in the budget hierarchy. Later, you can use these budgets to finance persons and/or positions. You can also create earmarkings, define budgeting rules and reclassification rules, define who is responsible for budgets, and display the overall budget from a range of perspectives.

1. You define the budget hierarchy.
2. You allocate budgets to the budget structure elements in the budget hierarchy.
3. If necessary, you define earmarkings, budgeting rules and reclassification rules.
4. If applicable, you assign responsibility for a budget to a position.
5. You have the system check the overall budget to make sure that it does not contain any inconsistencies.
6. You can display the overall budget from a range of perspectives. This enables you to obtain the information you require, and allows you to monitor the budget more closely.

Definition of Budget Hierarchy

Assignment of Budget

Earmarkings

Definition of Responsibility for Budget

Definition of Budgeting Rules

Definition of Reclassification Rules

Overall Budget Check

Display: Overall Budget