Overall Budget Creation 

Purpose

This process describes how you create an overall budget for HR Funds and Position Management. An overall budget is a hierarchical structure containing budget structure elements (budget hierarchy). The basic structure of the overall HR Funds and Position Management budget is based on the budget hierarchy generated in the R/3 Funds Management component.

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, specify who is responsible for a budget, and display different views of the overall budget that you have created.

Prerequisites

You must have made all the necessary Customizing settings in the Overall Budget and Integration sections of the Implementation Guide (IMG) for HR Funds and Position Management.

In Customizing for Funds Management, you must also have made the necessary settings in the section Actual and Commitment Update/Integration ® Integration ® Integration with HR Funds and Position Management.

Process Flow

  1. You define the overall budget by generating and copying the basic structure in the R/3 Funds Management component, and then adding budget structure elements for personnel expenditures.
  2. You assign budgets to the budget structure elements for personnel expenditure contained in the overall budget.

    3. In the case of budget structure elements generated in the R/3 Funds Management component (integrated budget structure elements), the budget is read from Funds Management (i.e. budgets have already been assigned to these budget structure elements).

  3. If required, you create earmarkings.
  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.

 

See also:

Budget Hierarchy Creation

Budget Assignment

Earmarkings

Transferal of Responsibility for Budget

Overall Budget Check

Display: Overall Budget