Update an Existing General Ledger Budget You update existing budgets on the General Ledger Budgeting form. Prerequisite: Open a General Ledger budget. To update an existing general ledger budget, complete the following steps: On the Budget tab of the General Ledger Budgeting form, update accounts and their annual and period-by-period budgets. Optional. On the Summarized tab, consolidate multiple budgets into one budget. Click Save. Learn more about... General Ledger Budgeting Form Parent Topic: Procedures