If you are new to creating general ledger budgeting groups, you may find it helpful to review an example of the setup steps.
The budget group is a simple way to review and edit multiple budgets at one time. The following steps describe the process of creating a new general ledger budget group. Perform the following steps in the order listed.
| Step | Description |
|---|---|
| 1 | Create individual general ledger budgets on the General Ledger Budgeting form.
Optional: Create a general ledger budget template to facilitate building general ledger budgets. The template could make it possible to create a new budget for the new fiscal year or to insert general ledger accounts in the detail grid. You can import the prior fiscal year actuals to serve as a starting point for the budget. You can do this for each user responsible for building a general ledger budget. |
| 2 | Create a new budget group or open an existing one. |
| 3 | Add the general ledger budgets to be included in the group. |
| 4 | Edit the amounts for the detailed general ledger budgets associated with the group. |
| 5 | Enter related notes. |
| 6 | Approve multiple budgets at one time. |
| 7 | Report on the group of budgets on the Income Statement and Profit Planning Monitor reports. |