The master budget plan encompasses all sub-budget plans. This workspace is only available to administrators by default, but can be assigned to other roles.
Field | Description |
|---|---|
Name | A unique name for the master budget, such as Master Budget FY2015. |
Budget Policy | A general statement about the budget policy. |
Status | Status of the budget plan. The default status is Draft and changes automatically as the plan goes through the approval workflow. |
Owner | Name of the owner. The default owner is the creator of the record. |
Start Date | The start date of the budget plan, typically the first day of the fiscal year. |
End Date | The end date of the budget plan, typically the last day of the fiscal year. |
Approval Due Date | The latest date when the budget approval is due. |
Budget Buffer | The buffer in the budget. |
Total Budget | The sum total of the budget that is automatically calculated from the related sub-budget plans when you save the master budget. |
Field | Description |
|---|---|
Name | A unique name for the sub-budget, such as Sales and Marketing. |
Owner | Name of the owner. The default owner is the creator of the record. |
Sub-Budget Type | Type of sub-budget. |
Service | Type of service to be budgeted, such as Mobile Communication. This field is only displayed when the Service sub-budget type is selected. |
Entity | The organizational unit or entity to budget, such as Sales and Marketing. This field is displayed when the Entity sub-budget type is selected. |
Budget Buffer | The buffer in the budget. |
Subtotal | Subtotal that is automatically calculated. |
Budget Start Date | Start date for the sub-budget plan. |
Budget End Date | End date for the sub-budget plan. If the sub-budget is created from the master budget, these dates are automatically entered by the system or you can enter the dates manually. |