Ledger budget vs. Project budget

(0) Share

Report

Posted on by Community member

Hello,

My question is about the relationship between the Project budget and the Ledger budget (budget control). I noticed that when I create a Project budget (costs posted to account e.g. 601501 car Expenses) I would expect that only transactions with the Project ID attached (e.g. Project purchase order) would be checked for this budget. However when I also have Ledger budget control setup, I also get info that my Ledger budget is overrun for example. That leads me to the point where I think I need to have /enough funds/ both in the project budger and ledger budget? That means double maintanance?? Each time I revise the project budget, I also need to update the ledger budget? I know I am able to select specific main accounts in the ledger budget to be checked, but I suppose they typically overlap with accounts used in project categories, right? Can someone please tell me the best practice here? Thank you.