Enhanced interface

Field descriptions: Budget information

The following describes the items in the Budget Information page:

Field	Description
Budget ID	The unique ID of your budget. The budget ID you provide is the one that you will reference on financial reports, such as an "actual to budget" report. To upload budgets, you must have an existing Budget ID.
Description	The description you provide appears only in the Budgets list to help you identify the correct budget. It's especially useful when you have several budgets with similar names, but you can also make notes that point out the differences between similar budgets and other comments about the budget.
Create a new budget	Create a new budget from scratch.
Create a budget from an existing budget and reporting range	Create a new budget based on the data in an existing budget. Select the reporting range for this budget from the dropdown list. You can select a range of periods up to 1 year from which to copy the budget data, such as location, department, and amounts. Only those periods that exist for the basis budget appear in the dropdown list. If the basis budget has no periods, then these fields are not displayed.
Consolidated budget	For Global Consolidations companies. Select whether this budget contains consolidated amounts. You can create as many budgets as you need, and mark each as consolidated or unconsolidated. This is useful for tracking your annual plan and forecasts and compare them side-by-side in any financial report. You can then specify if this consolidated budget is the default consolidated budget for your company for easier reporting. Be sure to convert your local budget from the entity-level currency into your consolidated currency and then upload amounts to your consolidated budget. For information on how to update an existing budget to a consolidated budget, go to Editing and updating an existing budget to a consolidated budget.
Consolidated currency	If your budget contains consolidated amounts, use the dropdown menu to specify in which currency the amounts are entered.
Default budget	Select this checkbox to make it the default budget to use in financial reports. For Global Consolidations companies, check the Default budget checkbox if you this is the first consolidated budget you're creating with amounts in a specific currency. This enables you to select this budget as the default consolidated budget in financial reports. Update your default consolidated budget as you pass through the fiscal year and new budgets are created.
Budget amounts	Display the Budget Accounts list, where you can add or edit the budgets for various accounts.
Created on	The date on which the budget was created.
Modified by	The person who created the budget.
Default budget	Only 1 budget can be defined as the default. This is the budget that appears by default in the financial report Columns tab. For companies using Global Consolidations: You can create a default consolidated budget and a default local budget.
Consolidated	For companies using Global Consolidations: You might have tagged your budget as containing consolidated amounts. A check mark displays in this column for consolidated budgets. For more on consolidated budgets, go to Budgets.
Budget currency	For companies using Global Consolidations: The currency in which consolidated amounts were entered in your budget appears here.

Export	An alternative method to creating budgets is to export and import a CSV file. This allows you to construct a large matrix of budgets in a spreadsheet, and upload them all at the same time.
Delete	Remove a budget.
Add	Display the Budget Information page in which you create a new budget.
Import	Import budget entries from a CSV file. See Import a budget.