Overview

A budgeting model is a set of rules that determine the structure, relationships, and sequence based on which budgets are created within companies and company business units in a given time interval.

Before you start the budget process, specify the budget model. For the budget planning horizon, you can use the last year's model or slightly modify it.

You can store the existing models as separate files and exchange them between different databases. When you import the budgeting model, the system automatically compares the imported file dimensions with the existing receiving database dimensions. If any dimensions are missing, the system automatically adds them to the receiving database. You can also copy the budgeting model within the same database.

The budgeting model includes the following elements:

• Budgeting model
• Budgeting profile
• Budgeting (process) steps
• Budgeting scenarios

Before you set up the budgeting model, fill in the following system elements:

• Budgeting flow items
• Budgeting balance items
• Non-financial items
• Budgeting item links
• Actual data query rules

The financial planning (budgeting) process is configured in accordance with the internal regulations of a particular company and reflects the logical sequence of process actions.

Data security settings and prohibition of editing budget entry forms also depend on how the financial planning process is organized in the company.

As a result of the process, the budgeting model for the next budgeting horizon is set up in the system.

Maintain budgeting models flowchart

Paths

How to create budgeting scenarios

1. Go to Budgeting and planning → Settings and catalogs and click Budgeting scenarios under Budgeting.

2. Create a new Budgeting scenario or copy the existing one.

3. Specify the working name in the Description field.

4. Select the Currency.

5. Select the Set for this scenario based on a base currency option and select the currency.

6. Select the Required forecasted exchange rate specification for each period check box, if required.

See also how to Maintain forecasted exchange rates.

Paths

How to create budgeting models

1. Go to Budgeting and planning → Settings and catalogs and click Budgeting models under Budgeting.

2. Create a new one or copy the existing model.

3. Specify the working name in the Description field.

4. Set the Under development status and Save it.

5. Go to the Main settings tab.

6. Specify the mode validity period in the Valid from/to fields.

7. Select the Company dimension usage check box.

8. Select the Business units dimension usage check box.

9. Select the Statuses in budget entry forms check box.

How to set up budget profiles

1. In the Budgeting models document, click Budget profiles.

2. Click Create.

3. Go to the Main tab.

4. Specify the working name in the Description field.

5. Click Budget dimensions and select the relevant ones.

6. Select the Planning mode.

7. Select the Time fence for budget for a static budgeting model or select the Period and number of periods for the rolling forecast model.

8. Select the Enter planned data check box to enter budget data manually.

9. Select the Default input method: Table or In list.

10. Go to the Budget structure tab.

11. Navigate through the system items available for the budget structure.

12. Drag and drop items and create the data structure.

Paths

How to export budgeting models

1. Go to Budgeting and planning → Settings and catalogs and click Export budgeting model under Budgeting.

2. Specify the file name and click Next.

3. Select the budgeting model components and confirm export.

Paths

How to import budgeting models

1. Go to Budgeting and planning → Settings and catalogs and click Import budgeting model under Budgeting.

2. Select the budgeting model file and click Next.

3. Select the budgeting model components and confirm import.