Budget register from budget plan in D365FO

Budget register from budget plan in D365FO

Before you can use actuals vs budgeted reports or control postings to a ledger account based on budget, we need to have a budget register entry defined.

There are ways the register entry would be created either manually or from budget plan.

In this blog we would cover generation of budget register from budget plan.

The option is available in budgeting module in D365FO as shown below

We need to specify a budget planning process and a budget plan number which is typically a parent budget plan if using hierarchy approach.

From the parent budget plan, we then need to select the scenario which is approved numbers to take it forward to generate budget register entry.

Note the starting date which should cover your budget plan scenario and the budget plan model options.

Once the generation of budget register entry process is triggered, in some time the budget register would be ready to review and confirm.

We confirm the entries after validation using the option 'update budget balances'. This activates the budget number for the ledger combination and for the period.

The activation could be used to reverse old entries if needed.

Once the budget register entry is successfully updated, we can run reports to see the variance with actuals.

Happy D365FO