Edit Cost Budget – A summary of the activity

Component overview

Pages in the activity

What you can do in this activity

This activity allows you to search and select a cost budget for which you want to modify the budget details. You can modify the details of the budget that is in the “Fresh” status.  This activity allows you to modify all the budget header details. You can also modify the budget details.

This activity also allows you to automatically generate a budget. If parameter for cost budget- ‘’Automatically roll up Cost Budgets from Definition Type - CC-Analysis-CE’' in ‘‘Set Finance Process Parameter’’ is set as ‘’Yes’’, then Budget No. shall get generated for other definition types- 'Cost Center' and 'Cost Center - Cost Element' on performing the Edit & Authorize task.

A new Budget No. shall get generated for other 2 definition type viz., Cost Center and Cost Center-Cost Element by replicating the Budget No. provided for definition type- 'CC- Analysis- CE' with '-1' and '-2' for the Transaction Type "Auto-Cost Budget".

Note: Automatically generated cost budgets cannot be modified. But if cost budget type- CC- Analysis- CE is amended then the other higher level budgets which were automatically created against the same shall get amended with new version number on authorization, irrespective of the set options in ‘’Set Finance Process Parameter’’.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Getting familiar with the pages inside

Go to page…

For…

Select Budget

Selecting budget for modifying details

Edit Budget Header

Modifying budget header details

Edit Budget Details

Modifying budget details

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What you can do in this activity

Modify Budget Details

Authorize budget

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Modify Budget Details

The details of a cost budget can be modified if the budget is in the “Fresh” status. You can modify the common header details and the budget details of the selected budget.

Authorize budget

A budget that is in the “Fresh” status can be authorized. The system updates the status of the budget after authorization as “Active”. Modifications cannot be made to the budget that is in the “Active” status.