This process describes how you create an overall budget for HR Funds and Position Management. An overall budget is a hierarchical structure containing so-called budget structure elements. You can structure the budget structure elements hierarchically (i.e. define the budget hierarchy) to suit your organization’s individual needs.

Budgets are assigned to the budget structure elements contained in the budget hierarchy. You can then use these budgets for financing persons and positions. You can also create earmarkings, budgeting rules, reclassification rules, specify who is responsible for a budget, and display different views of the overall budget that you have created.

You must also have made all the necessary settings in the step Overall Budget ® Defining Budget Structure Elements (especially the step Define Budget Structure Element Types) and in this way tailored the budget hierarchy to meet your own organizational requirements

1. You define the budget hierarchy.
2. You assign budgets to the budget structure elements in the budget hierarchy.
3. If required, you create 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

Budget Assignment

Earmarkings

Transferal of Responsibility for Budget

Processing of Budgeting Rules

Processing of Reclassification Rules

Overall Budget Check

Display: Overall Budget