Create Budget records from a Budget Template

Purpose

Create Budget records for a specific Site Financial Year, or for all Sites and a specific Financial Year.

Before you start

Specify the Budget Template to be used for the selected Site on the Site - Financial tab.

How to… Create Budget records from a Budget Template

1. Click Financials - Budgets then Browse.
The Budgets browse window opens

2. Click Create Budgets.
The Create Budget window opens.

3. Select the required data.

4. Click Apply.

Data fields

These data fields are selected on the Create Budget window.

Field	Description/Setting
Financial Year	The Financial Year to which the Budget applies.
Create for	Select: ● “Specific Site” to create a Budget for a specific Site Financial Year. ● “All Sites” to create a Budget for all Sites for a specific Financial Year.
Site	Only if Create for = “Specific Site”. Select a Site to which the Budget applies.

As a result...

A Budget is created for the selected Financial Year and all or specific Sites.
A Budget record for the selected Financial Year is inherited from each Budget Template Cost Item (Financial Year, Financial Period, Cost Centre, Cost Element combination) for the Site.
The following message is displayed if:
- A Budget has already been created for the specific Site Financial Year, or
- A Budget Template has not been specified for the Site on the Site - Financial tab, or
- The Site does not exist or is inactive.