You are configuring budgets for your organization. Your organization uses a scientifically calculated, predefined percentage of direct expenses for each of its departments. You need to define these…

The correct answer is D. Budget allocation terms. Use the Budget allocation terms form to define the financial dimension values and the percentages that are used to generate budget allocations. These budget allocation terms provide an automated way to distribute percentages of budget amounts across financial dimension values…

Set up and Configure the General Ledger

Question

You are configuring budgets for your organization. Your organization uses a scientifically calculated, predefined percentage of direct expenses for each of its departments. You need to define these percentages so that the budget automatically allocates to these departments from the main accounts. What should you configure?

Options

ABudget period allocation keys
BBudget control rules
CBudget transfer rules
DBudget allocation terms

How the community answered

(50 responses)

A
4% (2)
B
14% (7)
C
6% (3)
D
76% (38)

Explanation

Use the Budget allocation terms form to define the financial dimension values and the percentages that are used to generate budget allocations. These budget allocation terms provide an automated way to distribute percentages of budget amounts across financial dimension values. For example, a travel budget can be allocated to multiple departments by using one budget account entry.

Topics

#budget allocation terms#department allocation#budget configuration#direct expenses

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