Budget Adjustment

The Budget Adjustment (BA) document is used to record income and expense transactions not processed through other e-docs, against an existing budget. It can be used to modify a base budget, a current budget or both. It is a financial planning tool that allows an organization to adjust the current and base budget figures for a given account as circumstances may change throughout the fiscal year. It may be used to create a budget for a new account established after the beginning of a new fiscal year.

Base budgets are established during the budget construction process, and designate an ongoing fiscal commitment.

Current budgets designate budgetary authority for the current fiscal year.

A BA document is normally used to:

o reallocate current budget as necessary throughout the fiscal year

o transfer funds from one general fund account to another

o establish budget lines in new accounts created after the fiscal year begins

o make long-term adjustments to the base budget

The document allows for the establishment of monthly budgeted amounts for users that wish to maintain budget information at this level.

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Document Layout

Process Overview

Example