Configuring Budget Period

Owned by Enterprise IT
Last updated: Apr 22, 2024 by Shilpa K (Deactivated)Version comment
2 min read
 SummitAI Procurement
Procurement
 Reports

Viewing Reports


You can configure a Budget period for a period of one year. The configured Budget period is used to create new Budgets.

To configure a new Budget Period:

  1. Select Procurement > Configuration > Budget.
  2. On the BUDGET page, click CONFIGURE BUDGET PERIOD on the ACTIONS panel. The BUDGET PERIOD pop-up page is displayed.

    BUDGET PERIOD pop-up page
    Figure: BUDGET PERIOD pop-up page

  3. Fill in the fields on the BUDGET PERIOD pop-up page and then click SUBMIT. For more information about the fields on the BUDGET PERIOD pop-up page, see Field Description.

Field Description

The following table describes the fields on the BUDGET PERIOD pop-up page:

Field

Description

Budget Period Display Name

Specify the Display Name for the Budget Period that you want to configure.

Start Month/Year

Select the Start Month/Year of the Budget Period.

End Month/Year

Select the End Month/Year of the Budget Period.

Note: You must not create Budget Periods that overlap with each other.

Active

If selected, the Budget Period configuration becomes active.

LIST

Include Inactive Records

If selected, the Inactive Budget Period configurations and displayed along with the active Budget Period configurations.

Budget Period

Displays the configured Budget Period. The Budget Period is displayed from the Start Year

Budget Period Display Name

Displays the configured Display Name of the Budget Period.

Start Month

Displays the Month when the Budget Period is started.

End Month

Displays the Month when the Budget Period is completed.

Active

Displays the Active status of the Budget Period configuration.