You can set a Budget for your Organization.
To add a new Budget:
- Select Procurement > Configuration > Budget.
- On the BUDGET LIST page, click ADD NEW on the ACTIONS panel. The BUDGET page is displayed.
- Fill in the details, and then click SUBMIT. For more information about the fields on the BUDGET page, see Field Description.
Figure: BUDGET page - The Budget is saved and sent for approval.
Field Description
The following table describes the fields on the BUDGET page:
Field | Description |
|---|---|
Tenant | Select the Tenant from the drop-down list for which you want to create a new Budget. |
Budget Code | Specify the Budget Code for the Budget that is created. |
Budget Period | Select the Budget Period from the drop-down list. To configure a new Budget Period, see Configuring Budget Period. |
Budget Type | Select the Budget type from the drop-down list. |
Vertical | Select the Cost Center from the drop-down list. The Cost Centers are configured on the MASTER CONFIGURATION page, see Adding Master Configurations. |
Project | Select the Sub Cost Center from the drop-down list. The Sub Cost Centers are configured on the MASTER CONFIGURATION page, see Adding Master Configurations. |
Amount | Specify the allocated amount for the Budget. |
Currency | Select the currency of the allocated amount for the Budget. |
Product | Specify the Product for which the Budget is created. |
Active | If selected, the Budget configuration becomes active. |
ACTIONS
This section explains all the icons displayed on the ACTIONS panel of the BUDGET page.
SHOW LIST
Click SHOWLIST to display the LIST table showing the Budgets that are configured for a selected Procurement Department.
Figure: LIST section of BUDGET page