Settlement Setup

Part of the new budgeting functionality is to allow users to register settlements against another department (such as purchases from/sales to), as described in the following sections.

To ensure that each registration is correct, some of the dimensions on the settlements may be set automatically to the values of the dimensions of the other department/budget. For instance, the Entity dimension on the settlement line can be automatically set to the Location dimension of the referenced budget. The budget template allows the user to set up which dimensions on the settlement lines should automatically be set and which dimensions of the referenced budget the values should be copied from.

Employee Setup

One feature of the new budget functionality is to enable users to manage budgets for employees already in Maconomy. In order for a user to easily fetch employee data from Maconomy into the finance budget, dimensions to be used to link employees to their departments/budgets should be set up first. The budget template allows a user to set up which dimensions correspond to an employee and which dimensions match the department budget. Any dimension not specified to match a dimension on the budget will not be used to filter employee data that can be fetched into the finance budget.

Employee Categories

Part of the budget template includes setting up employee categories for use with budgeting on employees. The budget functionality allows the user to easily fetch existing employee categories from Maconomy into the finance budget, which can then be manipulated to meet expected categories for a specified fiscal year. Any changes made on employee categories in the budget template do not affect the ‘original’ employee category in Maconomy. You can override existing values on the employee category, such as names, percentages, rates, and hours, to reflect current expectations and default values used on employees in the budgets.