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Finance | Project Operations, Human Resources, ...
Answered

Budget register entry: auto adding minus (-) on first revenue entry (becomes negative)

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Posted on by 43

Dears,

what is the standard behavior when it comes to entering revenue budget entries? do we enter them in negative?

because I've seen d365 changes the sign in the first revenue entry.

so is that the normal behavior? to enter all revenues in negative?

regards,

  • Verified answer
    saurabh bharti Profile Picture
    15,059 Moderator on at

    Hi ,

    Generally credit is considered negative in D365 but on budget entry i think it should be without sign because we have category revenue or expense

  • Verified answer
    Magno Pereira Profile Picture
    2,445 Moderator on at

    No, it is not considered normal behavior to enter revenue lines with negative values. Typically, revenue lines represent positive monetary values that reflect the income or earnings generated by a business.

    When setting up revenue budgets, it is generally recommended to select the appropriate category, such as 'revenue,' to reflect the nature of the budgeted amount accurately. In the case of revenue budgets, selecting 'revenue' and entering a positive value.

  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    46,633 Moderator on at

    Selecting "Revenue" as the amount type automatically treats the absolute value of the amount as a credit in budgets.  A negative amount on a Revenue line will result in a debit to the account budget.

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