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How to Use Budget Profiles

Note: All pages below are subject to having relevant Roles and Permissions.

Budget Profile is the phasing (or splitting up) of Annual Budget by Period. This could be a quarterly amount, equal amounts over every month or many other combinations.

Go to Modules, Finance, and then Profiles in the Maintenance section. Once set up they can then be used when allocating Budgets to Cost Centres and Ledger Codes.

Go to Maintenance and select the Profile Models option.

Add new Profile

Give the Profile a description and specify the number of periods.

Then allocate the Percentage Split to each period. Two decimal places should be enough.

If there was 100% split equally over 12 months, then would have 11 periods at 8.33% and 1 at 8.37% for example or you could have 8 periods at 8.33% and 4 x 8.34% per month. The total must come to 100% however.

Once saved the Profile can be used to allocate the Annual Budget over periods.

Updated on October 22, 2021

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