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Home » Budgeting – Ledger Budgets and Forecasts Workspace

Budgeting – Ledger Budgets and Forecasts Workspace

Overview

The Ledger Budgets and Forecasts Workspace provides users with a Budget Manager role or responsibility with the facility to monitor financial budgets and forecasts.

The primary ‘my work’ page provides six views that enable monitoring of approved expense and revenue budgets against actuals, in-progress draft budget register entries and budget plans, budget submissions awaiting review and approval and finally, if budget control is activated, purchase orders over budget.

These inquiries utilise the variables specified in Budgeting Parameters, Workspace Settings by default, with the facility to update and apply changed variables from within the workspace.

Workspace – Ledger Budgets and Forecasts
Workspace Inquiries

Over Expense Threshold and Under Revenue Threshold (Actual vs Budget)

The first two views present data based on the ‘show amounts’, ‘budget model’ and ‘expense dimension set’, ‘expense budget threshold’ or ‘revenue dimension set’, ‘revenue budget threshold’ settings shown and available for update via the Configure My Workspace option.

All Draft Budget Register Entries

provides a view of draft budget register entries that includes the facilities to submit / progress workflow approval and review entries by assignee.

Budget Forecasts In Progress

Budget Planning capability specific. Provides a view of draft budget plans that are in progress, detailing the current budget planning stage and includes the facilities to submit / progress workflow approval and review entries by assignee.

Note: Budget Planning functionality is also supported by its own dedicated workspace

Workspace – Ledger Budgets and Forecasts (Configure My Workspace)

Budgeting Parameters – Workspace Settings

Content coming soon.