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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / How to set budget for ...
Microsoft Dynamics AX (Archived)

How to set budget for revenue GL account

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Posted on by Community Member

HI,

Can any one help me, how to set up budget for Revenue related GL accounts, for example Sales (300010).

Is there any pre-requisites do we need to set up for revenue budget or it's like normal set up of Expense related budgets.

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  • Suggested answer
    Community Member Profile Picture
    Community Member on at

    Conceptually it shouldn't be any different than setting up the budget for expense accounts.  Just make sure you are selecting an account structure on the Budget Register Entry line that includes the revenue accounts you want to setup up the budget for.  Also, set the "Amount type" field on the Budget Register Entry = "Revenue".

  • Community Member Profile Picture
    Community Member on at

    Thanks Hoover and could you please explain "when we use Revenue Budget Options(None/Provide Warnings/Prevent Budget Updates) in Budget Parameters form, with an example even I have gone through User Manual I could not come to one conclusion.

  • Community Member Profile Picture
    Community Member on at

    Looks like that parameter is to allow control over what happens if you create a revenue budget register entry that is for 0.00 or a negative value.  It is to provide control over unrealistic revenue goals in the budget.

    From TechNet:

    https://technet.microsoft.com/en-us/library/hh242705.aspx

    For revenue amounts, budget register entries that have an amount type of Revenue can be used to create the revenue goal for a financial dimension combination. Revenue amounts have a budget calculation that is separate from the one that is used for expenses. To help prevent a user from creating a revenue goal that is not realistic, such as a goal that is less than zero, you can require a warning or prevent budget register entries from being processed. This warning or prevention is the only time when the budget calculation for revenue amounts is used. Unlike expense amounts, there is no threshold for revenue amounts. Also unlike expenses, if you use up the budget amount, you have reached your revenue goal. At that point, users can continue to process additional revenue amounts as sales continue. Therefore, budget control to prevent processing is not needed.

    https://technet.microsoft.com/EN-US/library/hh227593.aspx

    Select revenue budget options. You can allow or prevent updates if a budget register entry causes a revenue budget to go below 0 (zero). Alternatively, you can display warnings in this situation. You can also select a different time period for budget balances to aggregate for warnings or to prevent updates.

  • Suggested answer
    Daxer Persson Profile Picture
    Daxer Persson 3,005 on at

    Time period selected is linked to the revenue budget check for finding the transactions to be included in the calculation of which kind of check, e.g. no update possible.

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