The Budgeting Process

Purpose

You can use this process to create one or several budgets that can be used by the Compensation Management component for compensation planning and administration.

Prerequisites

Before you start the budgeting process, you must create budget units. If you want to create links between budget units and financed objects, you must create an organizational structure.

Process Flow

When you have created your budget structure and, if required, your organizational structure, you can begin budget planning:

  1. You create a budget structure, that is made up of one or more budget units. The budget has the status "planned"

  2. Define budget to budget relationships (optional)

  3. Define budget to financed object relationships (optional)

  4. Edit budgets

  5. Roll up budget amounts (optional)

  6. Check budgets

  7. Clear error log

  8. When you are happy with the figures, you can release the budget structure.

The budget now has the status active and cannot be changed.

Budgeting Process Functions

Choose

If you want to

Create

Create budget units and structures

Change

Define budget to budget and budget to financed object relationships

Enter budget amounts and quantities

Copy a budget structure

Copy an organizational structure

Extend the budget's validity

Delete budget units and budget structures

Check the budget structure's consistency

Release a budget

Display

Display your budget structure together with amounts and quantities and status

See also:

Structure Maintenance

Budget Administration