Budget Execution 

Purpose

Budget execution involves allocating the budgets of budget structure elements for the purposes of financing persons or positions. You can also change the overall budget in HR Funds and Position Management to reflect new circumstances, and you can detect and correct inconsistencies between HR Funds and Position Management and Funds Management.

Process Flow

  1. You can allocate the budgets of budget structure elements for the purposes of financing persons or positions.
  2. You can create new budget structure elements during the financial year, and assign budgets to these budget structure elements by means of transfers.
  3. You start a consistency check with Funds Management, or you reconstruct the distributed values in Funds Management to reconcile any inconsistencies between the HR Funds and Position Management and Funds Management components.
  4. For the purposes of information and monitoring, you can display and print out budget allocations.

 

See also:

Budget Allocation

Transfers

Budget Structure Elements Created During a Financial Year

Consistency Check with Funds Management

Reconstruction of Distributed Values

Budget Monitoring