Reopen an Approved Budget

You may need to modify the approved budgets at the middle of the year because of changes in forecast (for example, revenue projections). If you have the authority to do so, you can reopen an approved General Ledger budget.

A reopened budget overwrites the earlier versions of the budget. If you need to keep a record of the earlier version, you can copy the existing budget, rename and modify it, and have it go through the approval workflow as a new item. If the organization uses multiple companies:

• Employees can only reopen budgets that are associated with their company.
• Only employees associated with the workflow of the budget being reopened can do so.

Prerequisite: Open a General Ledger budget.

To reopen a budget that has already been approved, complete the following steps:

1. On the toolbar, click Approvals > Reopen.
2. Optional. Add a comment in the Reopen text box, and click OK.

When the budget is reopened, Vision disregards any condition specified for the last step of the workflow, including conditions that automatically set the budget to be approved.