We also allow for the creation of a budget using a formulaic approach against a historical database. Calculations are created in the Control module and final results are transferred back to the General Ledger Budget, either for review or manual adjustment. We recommend that the Budget Control module be used to calculate a preliminary budget and used as a target for the traditional detailed entry system in General Ledger Module.
The Budget Control module also expands the database functionality of the original General Ledger Budget module, permitting multiple versions within a single fiscal year. These multiple scenarios can be brought in to reports for easy comparison. One of the most common uses for an alternate version is as a fixed target, so that managers will always have values to reference while in their adjustment process.