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  3. How to Allocate a Budget in Cost Centre Allocation

How to Allocate a Budget in Cost Centre Allocation

In this guide, we will show you how to allocate a Budget in Cost Centre Allocation.

Access: The minimum permissions required to complete the Cost Centre Allocation are found in the Finance Module of Config>Setup>Roles & Permissions.

Permissions

Pre-requisites: In order to complete Cost Centre Allocation the required Financial Year must be set up and opened, a budget Scenario must also be set up.

Related Guides:

To begin, go to Module>Finance>Budgeting>Cost Centre Allocation

Pathway

Select the Budget Scenario from the drop down that you wish to allocate against.

Scenario

Select the Cost Centre that you wish to allocate a Budget value to and click on View/Edit.

View/Edit

The Cost Centre details will then open showing all Linked Ledgers.

Linked Ledgers

Select the Linked Ledger you wish to allocate a Budget value to and click Add/Edit Budget.

Add/Edit

Complete the allocation grid with the required information (all fields marked with an asterisk are required as a minimum).

Allocation Grid

Where you choose to use a Budget Profile, the allocation grid will self generate the totals per period.

Profile

Click Save.

Save

Repeat until all allocations have been completed.

Updated on November 2, 2023

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