You can configure budget control according to several factors: The following chart shows the place of budget control in the stages of a typical budget cycle. You can configure control of the overall expenditure to meet the organization's policies and requirements by grouping combinations of financial dimensions and main accounts. Alternatively, you can create or import budget register entries from a third-party program instead of using budget planning functionality.Įxpenditures can be recorded by using main accounts and financial dimensions. When controls are in place, an organization can plan, measure, manage, and forecast its financial resources throughout its fiscal year.Īfter budgets have been approved in the system, you can use budget plans to generate budget register entries to record the expenditure budget for an organization. This article introduces the budget control feature and provides information to help you configure budget control to optimize management of your organization's financial resources.īudget control supports the management of an organization's financial resources through the chart of accounts, workflows, user groups, source documents and journals, configurable calculation of available funds, budget cycles, and thresholds.
#Budget planning and control update
For more information about preview releases, see Service update availability. The content and the functionality are subject to change. Some or all of the functionality noted in this article is available as part of a preview release.
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