Create an original budget and reverse preliminary budget entries in the public sector

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

When you create an original budget entry and use the budget model and dimension values that contain preliminary budget amounts, the preliminary budget amounts can be reversed. This procedure was created using the PSUS demo company data in the public sector partition.

  1. Go to Budgeting > Budget register entries.
  2. Click New.
  3. In the Budget model field, click the drop-down button to open the lookup.
  4. In the list, find and select the desired record.
  5. In the Budget code field, click the drop-down button to open the lookup.
  6. In the list, click Original budget.
  7. Click Save.
  8. Click Add line.
  9. Optional: If you want to change the date from the one in the header, enter a new date. This date determines the fiscal period that the budget will be recorded to.
  10. In the Account structure field, click the drop-down button to open the lookup.
  11. In the list, find and select the desired record.
  12. In the Dimension values field, specify the desired values.
  13. In the Amount field, enter a number.
  14. In the Currency field, click the drop-down button to open the lookup.
  15. In the list, click the link in the selected row.
  16. Click Save.
  17. Click Update budget balances.
    • Optional: You can select the Reverse preliminary budget option. Note that you can reverse all preliminary budget entries, or only the preliminary budget entries that have the budget code that you specify.
    • To make optional selections, click the Unlock icon at the top of the page.
  18. Click Update.