Loading budget using journal entry.

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Posted on by Community Member Microsoft Employee

This is the first time we are loading our budget into SL. Can this be done via Journal Transaction using our Budget Ledger ID? If so, do we need an offsetting account to post to in order to have the transaction in balance? Or do we post an out of balance transaction?

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Community Member Microsoft Employee on at

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RE: Loading budget using journal entry.

Good stuff!

Thanks!
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Kiara Rodemaker 175 on at

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Re: Loading budget using journal entry.

Steve,

Ordinarily, Budget Ledgers aren't visible in Journal Transaction Entry. You'd use the Budget Maintenance screen in the General Ledger module to enter your budget.

However, there's a way to get around this...

Change the balance type on your Budget Ledger to Statistical, and make sure that the Balancing Required box is unchecked. This will make this ledger visible in Journal Transaction Entry, and you can update the budget using that screen and an out of balance transaction now.

Good luck!