General Ledger Budgeting Overview

A general ledger budget is a plan for the revenue and expense accounts in your general ledger, typically used to maintain control over costs. You can enter general ledger budgets on a firm-wide basis or by organization.

You use the General Ledger Budgeting form to enter general ledger budgets. You develop budgets at the beginning of each fiscal year and monitor them on a regular basis.

After you establish general ledger budgets, you can use the Profit Planning Monitor, a general ledger report that draws information from your general ledger budgets, to monitor budget information. Vision also provides a Consolidated General Ledger Budgeting tool when the Multicompany feature is enabled. This application allows you to use consolidation groups to consolidate budgets for multiple companies, or a specific company within the group.

Related Topics:

  • General Ledger Budgeting and the Profit Planning Monitor
    Use the Profit Planning Monitor to monitor performance against budgets. For each revenue and expense account, the report displays the budgeted and actual amounts for the current period and year to date.
  • Accounts That Can Be Budgeted
    You can enter budget information for any Income Statement accounts. If you enter any non-Income Statement accounts, they do not display on the Profit Planning Monitor report.
  • Checklist: Setting Up General Ledger Budgeting
    Before you use General Ledger Budgeting to monitor your general ledger budgets, you must perform certain setup steps to make the data available for reporting. The General Ledger Budgeting form offers you many options for creating new general ledger budgets.
  • Procedures
    After you open or create a general ledger budget, you can add accounts and adjust or distribute amounts.
  • Screens
    In addition to the General Ledger Budgeting form, you use associated dialog boxes to work with GL budgets.
Parent Topic: Budgeting Overview