Use the Budget/Actual tab to view the movements in the budget and to view actual income and expenditure against the budgeted amounts for this cost centre code.
Note: You can load your budget from a spreadsheet. See Importing general ledger budgets (on page ).
To open the Budget/Actual tab:
- Select Module > General Ledger > Cost Centre Maintenance from the main menu.
The Set Cost Centre Search Criteria window is displayed.
Tip: You can also access General Ledger functions by clicking.
- Search for the general ledger cost centre.
The General tab of the Cost Centre Maintenance window is displayed. - Click the Budget/Actual tab.
The Budget/Actual tab of the Cost Centre Maintenance window is displayed.
- Either:
• Type the G/L Year and click
• Click on the up or down arrow on the G/L Year field.
Budget and actuals for the selected general ledger year are displayed.
Cost Centre Maintenance - Budget/Actual tab key fields and buttons
Fields
Field | Description |
|---|---|
G/L Year | Select to filter the general ledger year.
|
Start Year Balance | Opening balance of all accounts linked to this chart of accounts. |
Grid area fields
Field | Description |
|---|---|
Month | Budget month. |
Movement | Movement within the month. |
Running Balance | Running balance of the income and expenditure for the month. |
Budget | Budgeted amount for the month. |
Budget Approved | Approved budget for the month. |
Budget Cash | Additional budget field that can be used to store cash flow movement by month for individual general ledger accounts as opposed to normal accrued postings. |
L/Y Movement | Journals summarised by month for all G/L accounts allocated to this cost centre code for the prior year. |
Buttons
Button | Description |
|---|---|
Refresh the information in the grid from the database. Use this if someone else is maintaining budgets or entering journals and you want to view the updated details. |