Hii, i wan to ask, why i can not to create a new budget in Acumatica? There is any step that i miss before cerate a budget in Finance Module.
and also can we compile grant/project budget and department/program budget on this budget menu, so we can get the calculation between grant budget and department budget in this Budget Finance Modul?
Please help me to solve about this, i really appreciate😥
Answer
I Can't Create Budget in the Finance Module
Best answer by PaulMainard55
There are a few basic steps that you need to follow:
- Create a budget ledger and be sure to assign it to the applicable Companies
- If you’re planing on creating budgets for each grant/project and/or department/program, have these been defined using subaccounts, or do they reside solely within the projects module?
- If you’ve defined these using subaccounts, you will want to create Budget Articles to define the levels at which you want to provide budgets. For example, if you have departmental OPEX budgets, your budget article will define the accounts and subaccounts that are applicable to each department’s budget. Once you create the structure of the budget, you can create budgets for each department at that level. The system will ulitmately roll all of the budgets up for you.
Here’s a link to the wiki that discusses these steps for you to review. Please let us know if you have any additional questions or if you have additional details you wish to share.
+2
There are a few basic steps that you need to follow:
- Create a budget ledger and be sure to assign it to the applicable Companies
- If you’re planing on creating budgets for each grant/project and/or department/program, have these been defined using subaccounts, or do they reside solely within the projects module?
- If you’ve defined these using subaccounts, you will want to create Budget Articles to define the levels at which you want to provide budgets. For example, if you have departmental OPEX budgets, your budget article will define the accounts and subaccounts that are applicable to each department’s budget. Once you create the structure of the budget, you can create budgets for each department at that level. The system will ulitmately roll all of the budgets up for you.
Here’s a link to the wiki that discusses these steps for you to review. Please let us know if you have any additional questions or if you have additional details you wish to share.
Hi
thank you😄
+3Hi
Few articles that you can go through to get an idea of the steps in creating a budget
https://help.acumatica.com/(W(1))/Help?ScreenId=ShowWiki&pageid=45dbce17-2405-4812-9ab8-440bae134381
https://help.acumatica.com/(W(1))/Help?ScreenId=ShowWiki&pageid=f029660a-2f9e-4ed9-99a0-c995a2cd706a
https://help.acumatica.com/(W(1))/Help?ScreenId=ShowWiki&pageid=88d74825-73a5-4ed0-9f05-e1870e9b8a1e
+3
You can make a budget per department, to do this you must create a subaccount for each department, meaning the subaccount represents your Revenue / Cost Center (Department).
see below screenshot of the actual entry
Hope this helps.
Rico P. Ybanez
+2Hi
thank you😄
Hi
I’m just now seeing your response. Based on the screenshot, it doesn’t look like you’ve selected a fiscal year for your budget, which is required before you can enter a budget. Yes, you should be able to see budgets both at the corporate level as well as at the department level. Once all of the required filters are entered, the system should allow you to edit and update your budgets.
I hope the wiki articles that
Good luck!
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