| # Budget per Year (tffbs0105s000) Use this session to maintain year-dependent data of the budgets. General Fiscal Year The budget year. Default value The default value will be the current fiscal year. Budget A plan of units or amounts allowed to be spent on certain objects such as departments, cost centers, items, or item groups. This plan can be evaluated with the actual figures afterwards, and it can be compared with other budgets. In addition, you can simulate different scenarios. Flexible Budget If this check box is selected, the specified budget is a flexible budget. Number of Budget Periods Indicate the total number of periods as can be defined per budget. You can either define the budget amounts and quantities in the Budget Amounts and Quantities by Period (tffbs1101m000) or Flexible Budget by Year (tffbs1110s000) sessions, or you can link a distribution method to a budget in this session. Note The budget amounts and quantities will be distributed across the number of periods defined here. Distribution The distribution method that is used to distribute the budget amount and the quantities per year over the defined periods. Budget Currency The currency in which all budget amounts are expressed. Currency Conversion Rates Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies For the conversion rates, the following applies: To Budget Currency You can only change the rates with a direct translation from the home currencies to the budget currency. To Reference Currency In a dependent currency system, you can only change the rates from the reference currency to the other home currencies. In a standard currency system, you can only change the rates of a reporting currency with translation method From Local Currency. Currency Rate The rate which is applied to the home currency to calculate amounts in the budget currency or the reference currency. For the conversion rates, the following applies: To Budget Currency You can only change the rates with a direct translation from the home currencies to the budget currency. To Reference Currency In a dependent currency system, you can only change the rates from the reference currency to the other home currencies. In a standard currency system, you can only change the rates of a reporting currency with translation method From Local Currency. Rate Factor The factor by which the amount in the transaction currency or the invoice currency is divided before LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won. Default value 1 For the conversion rates, the following applies: To Budget Currency You can only change the rates with a direct translation from the home currencies to the budget currency. To Reference Currency In a dependent currency system, you can only change the rates from the reference currency to the other home currencies. In a standard currency system, you can only change the rates of a reporting currency with translation method From Local Currency. General Definitive Budget If this check box is selected, the budget is definitive. If a budget is definitive you cannot change any budget data. Text If this check box is selected, a text is associated with the element. Click Text to create, copy, select, or view the text. Last Maintenance Date The date on which budget values were last modified. Relations Parent Budget Fiscal Year The budget year of the parent budget. Comparison Budget Fiscal Year The budget year of the comparison budget with which a specified budget will be compared. Derived from Budget Fiscal Year The budget year from which the current budget is copied or derived. Print Budgets by Year Starts the Print Budgets by Year (tffbs0405m000) session. |