Defining budget codes for projects

Define budget codes to be associated with projects. Designate default budget codes.

Note: The system only displays Cost Area, Cost Center, and Code of Accounts if the installation parameter PROJTRCK is ON. Cost Area, Cost Center, and Code of Accounts are linked to entities for which you must define user codes. Contact your system administrator for more information.

To define budget codes for projects:

  1. Open the Project Budgets form.
  2. Click New Record.
  3. Project Budget—Enter a unique code identifying the budget, and then enter a description of the budget in the adjacent field.
  4. Class—Enter the class of the budget. The system automatically populates Class Org.
  5. Cost Area—Select the cost area of the budget.
  6. Default—Select if the budget is a default budget.
    Note: You can link default budgets to projects on the Project Budgets form. See Linking Default Budget Codes with Projects.
  7. Cost Center—Select the cost center of the budget.
  8. Code of Accounts—Select the code of accounts for the budget.
  9. Click Save Record.