Defining budget structures

Budget structures define levels for cost reporting. There are six levels available, but only one is required. Budget structures can be used by multiple budgets in a specific organization.

To define budget structures:

  1. Open the Budget Structures form.
  2. Click New Record.
  3. Organization—Enter the organization to which the budget structure hierarchy belongs if you use multi-organization security.
  4. Budget Structure—Enter a name for the budget structure, and then enter a budget structure description in the adjacent field.
  5. Calendar Type—Enter the calendar type for the budget structure.
  6. Level 1—Select the first level of the budget structure hierarchy.
  7. Level 2—Select the second level of the budget structure hierarchy.
  8. Level 3—Select the third level of the budget structure hierarchy.
  9. Parent—Enter a parent for the budget structure hierarchy.
    Note: If the chosen parent contains budget structure levels, the levels will be copied to the new budget structure.
  10. Level 4—Select the fourth level of the budget structure hierarchy.
  11. Level 5—Select the fifth level of the budget structure hierarchy.
  12. Level 6—Select the sixth level of the budget structure hierarchy.
  13. Click Save Record.