New Budget Cycle

There are three ways to create a new budget for the new year based on the prior year's budget. Select one of these methods:

• Option 1 – Framework Only: A framework budget is a set of blank budget worksheets, with targets, owners, and approvers carried over from the previous year. Each worksheet will be blank, with no lines or values. Lines can be added per worksheet via the "Load" option and then the values can be added via "Initialize", or on a line-by-line basis. Note - Special Purpose Worksheets are not copied into a Framework Only budget.
• Option 2 – Budget: A budget for the new year may be based on a prior year's budget. The worksheets are created with lines, and values based on the prior year's budget. The values can be adjusted via "Initialize", or on a line-by-line basis. 
• Option 3 – Actuals + Budget: A budget may include actuals through a specific month, and utilize budgeted numbers for the remaining months. This includes all lines from both the prior year's budget and actuals.

Before proceeding, know which budget you want to copy into the new fiscal year. Go to Planner > Summary or Planner > Worksheets to review your current budgets.

Create a Budget

• Go to Planner > Planner Setup > Set Budget Year.
• Select the year for the new budget and click Set as Budget Year.
  
  
  
  
• Go to the Budget Management tab.
• Click Create Budget.
  
  
  
  
• Choose one of the following as appropriate:
  • Option 1 - Framework Only  
    • Click Based on Prior Year's Budget
    • Click Framework Only
      
      
      
  • Option 2 - Budget 
    
    • Click Based on Prior Year's Budget
    • Click Copy All Budget Values
      
      
      
  • Option 3 - Budget + Actuals
    • Click Based on Prior year's Actuals & Budget
    • Choose whether to limit actuals to current worksheets, or create worksheets for unbudgeted actuals
      
      
      
• Select the appropriate Source Budget to copy.
  
  
  
  
• Give the budget a Name.
  
  
  
  
• Click Create Budget.
  
  
  
  
• Go to Dashboard > Updater and confirm the job has completed.
• Go to Planner > Planner Setup.
• Select the budget just created.
• Click Set as Planner.
• Select the budget just created.
• Click Unlock Worksheets. (Note: This will unlock all worksheets and allow users to begin making edits.)
• To manage the worksheets, review the Planner Setup article.