Create Budget Version

Explanation

Use this activity to enter new budget versions. The IFS/General Ledger is able to handle any number of different budget versions for a company and accounting year. The budget version can be used in query windows and in the Report Generator.

The budget status can be one of the following:

• Active. Annual values and period values can be entered.
• Blocked. Budget values cannot be entered.
• Removable. Budget version and budget values can be deleted.

Prerequisites

Before creating a budget version, the following must have been completed:

• The company must exist in IFS Financials.

System Effects

As a result of the activity, a budget version exists in the company. Budget values can be entered, imported, copied, or initiated. If no specific budget version is selected, the default budget version is shown automatically when you run the queries GL Balance Analysis, Projects Analysis, Project Analysis, Structure Project Analysis and GL Structure Balance Analysis in General Ledger.

Window

Budget Versions

Related Window Descriptions

Budget Versions

Procedure

Use the following procedure to create a new budget version:

1. Open Budget Versions window.
2. Use the New function to enter information on a new budget version. The status is set to Active.
3. Save the information.