Budgets in Financial Accounting

General ledger budget planning and budget functions in Business Central.

Standard financial accounting budgets

The budget function in Microsoft Dynamics 365 Business Central offers the following options:

Create multiple budgets for identical periods using different names
Create simple or complex budgets by selecting a combination of general ledger account, period, two global dimensions, and four budget dimensions
Copy budgets from previous periods and review budget figures using a correction factor
Export/import budgets to/from Excel

Meta process LBP - General ledger budget plan

The process includes planning the total budget to maintain or achieve liquidity and the overview of costs or revenues.

LBP-0010 Structure planning

It is defined for which period, which content, and which structure the planning should be created.

LBP-0020 Create budget header

The budget header is created with description and selection of the general ledger accounts/dimensions to be budgeted. In most cases, the individual budget items are written in the lines and the period in the columns.

LBP-0030 Create planning

The planning lines can be added manually, an existing plan can be copied, or an exported plan can be edited and imported again.

LBP-0040 Edit planning

The planning values are entered. These can be adjusted during the period. The changes are stored in the budget entries.

LBP-0050 Monitor planning

The planning is monitored. Using the Balance/Budget function, target and actual values can be compared.