Post on 26-Jan-2016
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CORPORATEPRESENTATION
4i Apps SolutionsINDIA | UAE | OMAN |QATAR | USA
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BUDGET OVERVIEW
Define Budget Open Budget Period Define Budget Organisation
Define Range
Define Budgetary ControlAssign RangeEnter Budget Amount
Enter Journal Entries Check Fund available
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DEFINITIONS
BudgetBudgeting is the process of predicting and controlling the expenses within the organization and consists of a periodic negotiation cycle to set budgets (usually annual) and the day-to-day monitoring of current budgets.
Defining BudgetDefine a budget to represent specific estimated cost and revenue amounts for a range of accounting periods.You can create as many budget versions as you need for a set of books
Define Budget OrganisationDefine budget organisation to include range of accounts that you wanted to be budgeted. If you are using budgetary control, you set the budgetary control requirements for an account within its budget organization
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Definition
• EncumbranceEncumbrance refers to reserving funds for the documents (PR and PO), which is mainly used to control the expenditure and its overspending
• Fund Check Level or Budgetary Controls1) NONE: Used for no fund checking or Fund Reservations
2) ADVISORY: EBS still reserves for transactions even when no funds are available 3) ABSOLUTE: Used to prohibit the user from reserving funds for a transaction unless funds are available
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Additional FacilitiesTransfer
Use this window to transfer budget amounts between accounts. You can transfer amounts between accounts in different budget organizations, or within the same budget organization
Upload BudgetUse this window to upload budgets you created using a spreadsheet
Mass BudgetMassBudgeting gives you the flexibility to allocate budget amounts to ranges of accounts throughout your organization using simple formulas
FormulaUse this window to define budget formulas that calculate budget amounts automatically
Auto CopyUse this facility to copy details of one budget to another budget and details of one budget organisation to another organisation
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Process Flow
• Befine Budget (Budget > Define > Budget)
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Budget Organisation
• Budget > Define > Budget Organisation
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Define Range
•
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Budgetary Controls
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Range AssignmentRange
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Enter Budget Journals
• Budget Journals &• Create and Post
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Enter Actual Journal
Check Fundand Post
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Check Fund Availability
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Error Message (If "absolute")
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Warning Message if "Advisory"
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Check Fund for the Account
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Common Budget Reports
1) trial Balance - Budget:- Review your general ledger budget account balances and activity for a specific currency
2) Budgetary control Result Report:- The Budgetary Control Results report provides detailed information about the funds check failure or success, reporting on transactions funds checked in Purchasing, Payables, Federal Financials, Projects, Grants, and General Ledger
3) Budgetary Listing Reports:- These reports are intented to understand various budget set up made in the system
4) FSG for Budget:- This is not a standard report this has to be constructed by the user according to his requirements eg: Budgeted P&L account, Budgeted Balance Sheet etc. This will be use ful for variance analysis and further decision making
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Thank yousales@4iapps.com
INDIA
1-1-1 Tecci Park
285, Rajiv Gandhi Salai
Sholinganallur
Chennai - 600 119
Tel +91 44 6638 0000
USA
18210 Contour Rd #202
Montgomery Village MD 20877
Tel +1 240 252 5913
UAE
PO Box No: 42693
Hamriyah Free Zone – Sharjah
United Arab Emirates
Tel +971 6526 9057
OMAN
Knowledge Oasis Muscat
Sultanate of Oman
Tel +968 9780 7119
QATAR
Al Sadd Area, Doha
Qatar
Tel +974 4432 6634