Creating Budgets
Use Budget Create (25.5.1.1) to create budget periods, levels, and structures. In addition, use the fields in the General tab to specify if the Budget daemon must check actuals against budgeted values, and what type of action to take if a budget amount is overrun.
Budget Create
Field Descriptions
Budget Code
Specify a code (maximum 20 characters) to identify the budget.
Description
Enter a brief description (maximum 40 characters) of the budget. You can optionally enter descriptions in more than one language. For more information on the Translation Option, see
Introduction to QAD Enterprise Applications User Guide.
Status
This field displays the budget status. Budgets can have one of the following statuses:
Initial: The preliminary status of a budget. The status field is read-only and set to Initial until you define budget periods and levels.
Valid: Indicates that the budget can be modified and is ready for use. The status changes automatically from Initial to Valid when you define the budget periods and budget levels. You cannot change a budget status from Valid to Initial.
Operational: Indicates that the budget setup is complete, and that actuals are retrieved by the Budget daemon. The Operational status does not apply for budgets used in Financial Report Writer.
You must manually change the budget status to Operational to allow the actuals to be retrieved. You can change a budget status from Valid to Operational, and from Operational to Closed.
Note: The system generates Budget daemon requests for operational budgets only.
Closed: Indicates that the budget life span is complete. You can reopen the budget by changing its status to Operational.
