Upload a Budget with Dimension Detail in Dynamics 365 Business Central

 In Microsoft Dynamics 365 Business Central, you have the opportunity to create multiple budgets and copy, import or export budgets. Many times, clients want to show the breakout between the different dimensions for that total budget amounts.

In this example, we will upload a departmental budget for the entire year.  Department is set as Global Dimension at the Demo company. Here’s how.

Create a Budget

Type “GL Budgets” in the Dynamics 365 Business Central search bar. Click “New.”

Enter Name, Description and any dimensions that are applicable as shown below.


Process- Edit Budget


The easiest way to upload dimension budget information is to upload the budget for a specific dimension. I have chosen to have the G/L accounts as lines and periods as columns so I can work on the entire year budget at once for all departments. I’ve made the selections to start my budget on 01/01/2022 for 12 periods. I will also include the DEPARTMENT as the column dimensions.

Next, I will choose Process-Export to excel.




 I’ve made the selections to start my budget on 01/01/2022 for 12 periods. I will also include the DEPARTMENT as the column dimensions.


My excel template has now been created for me. I just need to populate the budget amounts for each account per period for all departments and Import update Budget in Excel back to BC.







The various ways within Business Central to compare actuals to budget. These include:

  • G/L Account Balance Budget by Period
  • Trial Balance/Budget
  • G/L Account Balance/Budget
  • Accounts Schedules with Actual via Budget Amount and Variances
Keep in mind with various budget versions, you will need to select the correct Budget Name to ensure you are comparing actuals to the correct budget.




#businesscentral #microsoft #erpconsulting #microsoftcommunity 




Comments

Post a Comment

Popular posts from this blog

Empowering Your Business with Custom Report Layouts in Business Central

Image
  In today's fast-paced business world, having well-designed and professional reports is crucial for success. That's where the Standard Reports in Business Central come into play. But what if you need to make modifications to these reports to align them with your company's unique needs and requirements? T he good news is that you can tailor the layout to meet your specific needs, without relying on technical expertise or the need for extensive programming or coding knowledge. Let's take a quick tour of how to utilize this fantastic feature in Business Central: Step 1: To modify a report layout, the first step involves exporting the existing layout as a file to a location on your computer or network. Step 2: Export the existing report layout to your computer or network, giving you the freedom to explore and modify it at your convenience. Step 3: Open the exported layout in MS word, click on the “XML Mapping Pane” under the Developer tab to open the XML Mapping.   ...
Read more

EFT file in Dynamics 365 Business Central

Image
One of the most asked question is how to create ABA file in Dynamics 365 Business Central and what is ABA file. First, the Australian Bankers Association (ABA) or Cemtext file format is a format used by banks to allow for batch/import payment transactions. What does an ABA file look like? Each line in an ABA file is a "record". An ABA file has three main records, the "descriptive" record, a "detail" record for each transaction and the "file total record" at the end. An ABA record is exactly 120 characters long.   Example EFT Transfer File generated from Dynamics BC to be imported into Bank.   1.         EFT Bank Code=WWB. This is the EFT Bank Code for World Wide Bank (CRONUS data) 2.         EFT Security Name = TEST Company  3.         EFT Security No. = 6567890. This is the EFT Security No. for World Wide Bank. 4.   ...
Read more

How to Reverse Disposal Fixed Asset Ledger Entries in Business Central

Image
 The main point for corrections in Fixed Assets is the usage of function “Cancel Entries” (Report 5686) “Cancel Entries” can be started from the FA Ledger Entries. This function copies the fixed asset ledger entries that you want to cancel to a journal.  If the fixed asset(s) are integrated with the general ledger, the program transfers the entries to the FA G/L journal . Otherwise, the program transfers the entries to the FA journal. You can then post the journal or adjust the entries before posting, if necessary. The fixed asset ledger entries are then removed from the FA Ledger Entries window and are posted to the FA Error Ledger Entries window. The steps below should be followed in using the Cancel Entries function to correct or reverse your Fixed Asset ledger entries: 1. Navigate to the FA Ledger entries page 2. Filter the document no. of the Disposal entries you would like to reverse Note: You need to select and Cancel the Depreciation Entries first before the Acquisiti...
Read more