Good day,
I have a question around whether you can have 2 Budget cycle’s active at the same time relating to Basic Budgeting - Budget control configuration.
Our company has a financial year end of 31 March
We spend some time on finalising the financial year ending Mar-20 but at the same time want to proceed with the next financial period’s financial transaction and in both cases we need budget control to be active.
With the current configuration I have to change the Budget cycle time span (Define parameters) (Define budget control rules) to FY2020 and activate budget control in order to transact in the 2020 financial period. If we want to transact in the 2021 financial period I have to change the Budget cycle time span (Define parameters) (Define budget control rules) to FY2021 and activate budget control in order to transact in the 2021 financial period.
If I do not make this change I do get budget errors in each budget cycle that is not active.
We will get to a point where we will process a PO roll over to the 2021 financial period.
I am just not sure how to transact in both budget cycles as the budget control rules are setup for all income statement dimensions.
No Define budget groups are setup.
Any help would be appreciated.
I am attaching the Budget control configuration setup for this.
