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Enter a Budget

 

         

 

 

How do I enter my Budget?

This Step-By-Step tutorial guides you through the budget entry process and highlights some of the graphs and other features on the Budget Information page. The last part of this tutorial walks you through the process of exporting your budget, making changes in Excel, and then importing the budget back into the General Ledger application.

 

For a visual tutorial, see the Enter a Budget  video.

All video tutorials can be viewed from the Tutorials & Videos page.

 

 

Step-by-Step

Manual Entry of Budgets

 

1. From the General Ledger menu, Select Modify -> Budget Information.

 

2. Set your Filters to view a specific department or range of accounts and then click the Search button.

 

3. To modify the budget for an account, click the Edit  icon next to it.

 

4. Change the budget allocation from "Annual" to another distribution by clicking the Distribute Budget drop-down.

 

5. Enter the budget amounts for each period by tabbing from one period to the next.

 

6. A comparison graph of your Budget and Actual figures can be seen by hovering over the Large Graph  icon.

 

7. The columns that display on the Budget Entry page and bars that appear on the graph can be modified by clicking the Column and Graph Options link. Select to view Budget figures, Actual figures, or any combination of both Budget and Actual figures.

NOTE: You do not need to change the Column and Graph options for each account. Once they are changed while viewing one account, they display when viewing other accounts.

 

8. When you are finished entering the budget figures for one account, click the Next button to move to the next account.

 

9. If you have an account with an Annual budget, simply enter the amount in the Annual Amount field.

 

10. (optional) Documents such as a Budget Request Form or other files can be attached to a budget. To do this, click the Attachments tab and then click the Add New Attachment link.

 

11. Select or scan an attachment and then click the OK button.

 

12. Also, you can add a Note to your budget. Click the Note tab and enter your note in the box.

 

13. Click the Next button to enter budget figures for the next account or click the Done button to save your changes and return to the Budget Information page.

 

14. From the Budget Information page, hover over the Graph  icon to view a Budget vs. Actual comparison graph for that account.

 

15. Click on the History  Icon to view up to 4 years of Budget, Actual, and Variance figures on a grid.

 

16. The columns that display on the Account History grid can be modified by clicking the Account History Column Options link. Select to view Current and Prior years Budget, Actual, or Variance (dollar or percent) figures by dragging and dropping the column names to the Selected Options box. When you are finished, click the Apply button to save your changes.

 

17. One other feature to know about on the Budget Grid is the ability to update your Annual Budget by clicking the Current Budget amount link. This displays an entry window where the annual budget can be changed quickly. Click the Update button after making your change.

 

18. Variable Budget accounts allow you to print a percentage of the budget when running the Budgeted Financial Statement report. You can mark an account as being a Variable Budget by clicking the check box in the VB (Variable Budget) column.

 

19. Another feature on the Budget Grid is the ability to view a Budget Note while hovering over the Note  icon.

 

 

Export/Import Budget

 

The last part of this tutorial guides you through the process of exporting part of your budget to a spreadsheet file and then importing the file back into your General Ledger after making some changes.

 

 

3 Common mistakes when importing a budget:

Importing the budget to the wrong year

Not entering income accounts as a credit using the minus key in Excel

Adding accounts to the Excel budget that have not been added to your Chart of Accounts

 

 

 

1. From the Budget Information page, click the Import/Export Budget button in the lower right-hand corner.

 

2. Select the Levels (Funds, Departments, etc.) that you would like to export.

 

3. Click the Export button. The file "BudgetExport.xlsx" is downloaded.

 

4. Open the exported file (BudgetExport.xlsx) in Excel or whatever spreadsheet program you have that allows you to edit the latest version of Excel files.

NOTE: If using Excel, you may need to click the Enable Editing button.

 

5. Enter Periodic (monthly) amounts in each field corresponding to the period name.

NOTE: All budget figures import as "by Period" unless the amounts are evenly distributed across the periods. In that case, they import as an "Annual" distribution type. Any rounding should be added to the first period. For example: If you enter $34.33 in each period and enter $34.37 to the first period, this account imports as an Annual budget of $412.

 

6. Be sure to save your changes.

 

7. From the Import/Export page, click the Choose File button on the right-hand side of the page.

 

8. Verify that the file chosen is correct and then click the Import button.

 

9. The Import Budget window appears and allows you to close if you do not want to import. Click the Import Budget button to import and overwrite the budget figures for the Fiscal Year you are working in.

 

10. A notification message appears when your budget is finished importing.

 

11. Set your Filters to view a specific department or range of accounts and then click the Search button.

 

12. Review your accounts and make changes as appropriate.

 

 

Compiled on 1/24/2018 8:42:27 AM