Defining budget terms

Budget terms consist of a calendar type defined by start and end dates, e.g. a 2006 monthly budget term or a 2006 quarterly budget. You can include a single budget term in multiple budgets.

To define budget terms:

  1. Open the Budget Terms form.
  2. Click New Record.
  3. Organization—Enter the organization to which the budget term belongs if you use multi-organization security.
  4. Budget Term—Enter a name for the budget term, and then enter a budget term description in the adjacent field.
  5. Calendar Type—Enter the calendar type for the budget term. The system automatically populates Number of Periods.
  6. Start Date—Enter the start date for the budget term.
  7. End Date—Enter the end date for the budget term.
  8. Click Save Record.