The initial or projected budget for the general ledger accounts is referred to as the ‘Original Budget’. This budget can be distributed over the 12- 15 accounting periods, or held in one accounting period as a year-to-date budget.
Revisions to the original budget are a means to either increase or decrease the original budget amount. Revisions do not affect the ‘original budget’. The original budget stays as it was initially entered. The revisions are held in a revised budget. This way the original budget can always be compared to the current budget.
The Budget module includes the following sub-modules:
Note: Click on any one of the above links to learn more about that section.