Simon Clive: Created page with "Periods How do you define over what time the budget is for? When defining a budget there are three time related peices of information that are critical to getting the informati..."

2011-06-30T01:31:35Z

Created page with "Periods How do you define over what time the budget is for? When defining a budget there are three time related peices of information that are critical to getting the informati..."

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Periods

How do you define over what time the budget is for?

When defining a budget there are three time related peices of information that are critical to getting the information
you want. They are the Start Date, the Periods and the Interval.

Defining the time aspects of a budget

Start Date - the start date is the earliest date for which transactions will be included in the budget. eg. If I want to
define a budget for the 2010 financial year my start date would be 1 July 2009
Periods - periods are the frequency of reporting. If I want to monitor my budget monthly I would therefore have
12 periods over the course of the year
Interval - where the period is a measure of frequency, the Interval is the length of time within a period. In this
example my interval would be Monthly.

The budget definition screen will calculate from the above information what the end date will be. This is your check
that you have entered the correct data - if not the end date will not be as you expect.

How to define time aspects of a budget

Select Budget tab
Select Budget Definition button
Enter a Name
Enter a Description
Enter the Start Date
Enter the Periods
Enter the Interval - check the end date is correct

You can also define which Department/s<LinkId=1128> or cost centres should be included in the budget

3 Periods - Revision history

Simon Clive: Created page with "Periods How do you define over what time the budget is for? When defining a budget there are three time related peices of information that are critical to getting the informati..."