Cost budgeting is used to plan costs for cost categories and service budgeting is used to plan services (quantities) for service categories.

You can enter budget values in cost and service budgets in the following forms:

• Cost budget

• Service budget

Both forms can be accessed directly from Journalsor using the Journals> Budgetform.

The Budgetform also shows budget costs and services for all dimensions, and cost and service categories that contain budget values for a selected Budget model.

You can choose between three methods of allocation for cost and service budgeting in the Methodfield on the Generaltab:

• None: No allocation is used. You enter an amount for a selected cost category and a date.

• Period: Allocates budget costs for a unit of a future period. You must specify: Quantity, Unit, and Enddate.

  ExampleIf quantity = 1 and unit = month, the specified amount is posted every month up to the end date.

• Key: Allocates budget costs according to a selected Period keywhich is set up in General ledger.