Create Budget Hierarchy

Budget Hierarchy includes all business units which must submit their budgets.

In Financial Budgeting, they are organized in tree-like structure.

Dark gray lines with bold font are the Sum Budgets (described later in this document), which are used as a consolidation points for all subordinate budgets. Light grey lines are the Main Budgets which are used for the budgeting.

To create a budget hierarchy, you must first create a budget unit. You can enter the needed information in each column visible on the workspace. Additionally, you can quickly customize which columns appear by right-clicking on the column header and choosing the Customize Column option.

After the budget unit structure is complete, create a budget-specific Chart of Accounts (CoA).

CoA structure follows the same logic as the budgeting structure, including Sum Lines, used for summarizing all subordinate lines, and Main Lines where budgeting is done.

If needed, add dimensions to identify a particular account. However, note that they cannot contradict dimensions set in the budget hierarchy.