Example: Using General Ledger Budgeting Groups

If you are new to creating general ledger budgeting groups, you may find it helpful to review an example of the setup steps.

The budget group is a simple way to review and edit multiple budgets at one time. The following steps describe the process of creating a new general ledger budget group. Perform the following steps in the order listed.

Step	Description
1	Create individual general ledger budgets on the General Ledger Budgeting form. Optional: Create a general ledger budget template to facilitate building general ledger budgets. You might do this to make it easier to create a new budget for the new fiscal year or to insert general ledger accounts in the detail grid. You can import the prior fiscal year's actuals to serve as a starting point for the budget. You can do this for each user responsible for building a general ledger budget.
2	Create a new budget group or open an existing one.
3	Add the general ledger budgets to be included in the group.
4	Edit the amounts for the detailed general ledger budgets associated with the group.
5	Enter related notes.
6	Approve multiple budgets at one time.
7	Report on budget groups on the Income Statement and Profit Planning Monitor (in Reporting).