The process of adding a project budget is the same as adding a regular budget, except that a project is attached to the budget.
To add a project budget
Navigate
to General Ledger > Manage
> Project Budgets.
The Manage Project Budgets window opens.
In the Fiscal Year box, enter a fiscal year for the project budget.
In the Project box, enter a project for this budget.
Tip
If you need to add a new project, click Add Project. (The project automatically becomes active.)
If
the project is defined as budgeted by location, in the Location
box, enter a location for the project.
If you selected Budget by Location? for
the project in the Manage Projects window,
the budget for this project is based on location.
Tip
To change the project settings, such as the 'budget by location' setting, click Manage Projects.
Click
Retrieve Budget.
The budget displays and project settings cannot be changed once the
budget is retrieved.
Tip
To add a new account to the budget, click Add Account.
To
enter budget amounts, you can enter amounts directly into the Manage Project Budgets table by entering individual
amounts for each account. Click on an account’s row and period and
enter the amount.
- or -
You can click the account you want and then click Edit.
On the Edit Budget window, Annual
Amount box, enter an annual amount for that account’s budget.
If you want to spread the budget evenly across all periods, select
the Divide Evenly Across Periods? check
box. If you choose not to divide the budget across all periods, you
must enter individual amounts for each period in the Edit Budget table.
The period budget amounts must add up to the annual budget amount.
Click Update.
The Edit Budget window closes and the
updated item appears in the list on the Manage
Project Budgets window.
Click Save.