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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.
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 ) ?
I've tried the 3 options, but no one were worked completely, all of them shows me an error that exceeded the budget