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 use as a consolidation points for all subordinate budgets. Light grey lines are the
Main Budgets which are use 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.
To create a budget unit, complete the following steps:
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In the
Name column, enter the name of the budget unit.
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In the
Responsible column, specify the employee(s) responsible for submitting the budget.
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In the
Company column, specify the related company. Budget template can use all Companies available in the Maconomy system.
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In the
Currency column, indicate the currency of the budgeting unit. Each budgeting unit can have each one currency. Conversion will be made based on information specified in exchange rate table set in main information in the template. Note that on the right side assistant you can specify dimensions in order to better identify this particular budgeting unit. Dimensions used in Financial Budgeting are the same as used in core Maconomy.
Click Save.