Core TSIs : Budgets : About Budgets
About Budgets
The Budgets TSI is used to add and manage budgets. The main objective of Budgets is to monitor the depletion of approved budgets.
Budgets can be classified as capital project-related or property-related budgets. By linking a capital project to a cost group, budgets can be defined for every combination of project and cost group. The progress of projects and the status of corresponding budgets are displayed on the Financial console.
Budgets are affected via journal entries generated through changes in contracts and orders in the Work Orders and Contracts TSIs.
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Contracts based on lease accounting cannot be used in combination with budgets. Although it is possible to link a budget (definition) to a lease accounting contract line, this has no effect on the budget.