Copy Actual Figures to the Next Fiscal Year Budget

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Before performing year-end processing, you can create a new default budget for the next fiscal year. The actual figures of the closing fiscal year are copied to the new default budget during year-end processing.

 

To copy actual figures to the next fiscal year budget

  1. Select General Ledger Setup menu > General Ledger Options. Click the Budget tab.

  2. In the Budget Code field, enter a new budget code for the next fiscal year. For more information, see General Ledger Options - Fields.

  3. Enter the description for the new budget code.

  4. Select the Default check box for the new budget code.

  5. Select the Copy Actual to Default Budget at Year End check box and click Accept.

When year-end processing occurs, the current fiscal year’s actual figures are copied to the new default budget code entered.