Hi All ,
Budget Parameters - Time-period for budget balances field has 3 options .
Fiscal year to date
I would like to know what is the differences between the above options.
Thanks and Regards
This is a parameter for selecting a different time period for budget balances in case of warnings.
Fiscal period: only take budget balances per fiscal period. If you have budget left from last period this is not taken into account.
Fiscal year: The total amount budget of the complete year is allowed before warnings. So in the first month you can spent the complete budget of one year.
Fiscal year to date: If you enter a transaction in period 5 the complete budget for period 1 till period 5 is the budget at that time.
André Arnaud de Calavon | Microsoft Dynamics AX Solution architect | My blog | My company
This post is my own opinion and does not necessarily reflect the opinion or view of my company, Microsoft, both its employees, or other MVPs.
Would you mind can you explain the above example with some values ?
Thanks in advance.
Imaging you have a budget for Promotions of $ 6000 for year 2013, divided into $ 500 per month.
So your budget entries are:
Jan 2013: $ 500
Feb 2013: $ 500
Mar 2013: $ 500
You have posted an invoice with the amount $ 400 in January for Promotions.
It is now February. You want to create a new transaction (amount $ 550). The options will do the next:
Fiscal period: Your budget space is not enough. It is only $ 500
Fiscal year: The remaining budget is now $ 6000-$ 400 = $ 5600. So enough budget to proceed.
Fiscal year to date: The remaining budget is: (2 * $ 500) - $ 400 = $ 600.
Does this sample makes sense to you?
Hi Andre ,
Excellent example , i had understand the concept .
I have one more question , assume that i have selected any one option , where does it will show the results or effect ( i mean in which form in Ax 2012 ) ?