Budget Ledger: General Information

In MYOB Advanced, you can create ledgers of the Budget type to store information on budgets.

Learning Objectives

In this chapter, you will learn how to create a ledger of the Budget type.

Applicable Scenarios

You create a budget ledger if you need to prepare a budget in the system. You can also use the budget ledger as a base ledger for calculating allocation proportions. For details, see Allocation Rules: General Information.

Creation and Population of a Budget Ledger

You can create as many budget ledgers as you need on the Ledgers (GL201500) form. You can use a single ledger to post the annual budgets of different companies or branches. To prepare two different budgets for the same company, branch, and year (for example, an optimistic budget and a pessimistic budget), you have to create a budget ledger for each budget.

To create a budget in the budget ledger, you prepare the budget on the Budgets (GL302010) form and release it on the Release Budgets (GL505510) form. When you release the budget, the budget amounts are posted to the budget ledger under the account (and subaccount, if applicable) of the budget article. After the release of the budget, the budget amounts can be shown in reports; they can also be compared with actual figures or other budgets on the Budgets form.

Note: You cannot enter transactions in the budget ledger.