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Annual Financial Budget Allocation Rules
- Kyle Niekamp
- Claire Aleman
- Nathan F. Welchlin [X] (Unlicensed)
- Steve W. Smith [X] (Unlicensed)
Overview:
After setting up Financial Budget Weight Factors, you can use this window to apply your budget weight factors to general ledger accounts, for each Organizational Unit and Budget type. This process is optional, and would only be utilized if you are not loading your budgets in from Excel. For each OU/Budget type combination, you can use this process to enter the General Ledger Account #, the Financial Budget Weight Group, and Annual Amount to have PENTA automatically allocate out the annual budget amount across the 12 periods using the weight factors defined in your weight factor group. This process will save your organization a lot of time, if your budgets are manually entered/calculated in PENTA using weight factors.
Benefits:
- Streamline the Budget entry process
Roles:
- Accounting Manager
- CFO
Location:
- Financial & Accounting > Data Entry > Budget/History Information > Annual Financial Budget Allocations
Video:
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Penta Technologies continuously strives to improve customer content, therefore, information is subject to change at any time.