Closing budgets
If you have the appropriate authorization, you can close a budget. If a budget is closed, you can no longer enter costs for this budget.
You can close a budget only if:
• The orders related to the budget must be either in Administratively completed or Canceled status.
• The amounts/financial commitments on all the related contract lines must be closed.
Budgets can be closed in the following ways:
Procedure
1. Close each budget separately
. On the Budgets selection level, click Closed status on the action panel.
. On the Budgets selection level, click Closed status on the action panel.
Or
2. Close all budgets in a budget category. On the Budgets categories selection level, click Closed status on the action panel. If you want to close all budgets of various budget categories simultaneously, you can use the Action on selection option.
Or
3. Close all budgets related to a financial year. On the Financial year selection level, click Close all budgets of financial year on the action panel.
 | For more information on the Action on selection option, see Fundamentals. |