Budget planning workflows are associated with budgeting workflows. Budget planning workflows – Budget planning workflows consist of and define budget planning stages.Budget planning stages are arranged in budget planning workflows. Budget planning stages – Budget planning stages define the steps that a budget plan follows from its beginning through final approval.Examples of monetary budget plan scenarios include "Department previous year" and "Department requests." Examples of budget plan scenarios that use quantities include "Previous year support calls" and "Full-time equivalent (FTE) count." You define budget plan scenarios to support monetary classes and other unit-of-measure classes, such as quantities. Budget plan scenarios – Budget plan scenarios define categories of data for the budget plans.You can also use them to do comparisons and make informed decisions. For example, you can use budget plans to create budget amounts for different organizational units. You can have multiple budget plans that are used for various purposes. Budget plans – Budget plans contain the budget data for a budget cycle.A budget planning process is linked to a budget cycle and an organization through a legal entity. Budget planning processes – Budget planning processes determine how budget plans can be updated, routed, reviewed, and approved in the budgeting organization hierarchy.By understanding the concepts and terminology that are used in Microsoft Dynamics 365 Finance, you can more easily and effectively implement budget planning in your organization. Overview of budget planningĪn organization can configure budget planning, and then set up budget planning processes to meet its policies, procedures, and requirements for budget preparation. It contains information that can help you configure budget planning and set up budget planning processes.
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