Budgeting is used to represent specific estimated costs and revenues for the selected period ranges. Budgetary control helps track budgeted amounts against the control budget, monitor the available funds, get a good view over future funds reservations and funds consumption.
General Ledger(GL) provides many tools to create, maintain and track budgeted amounts; this functionality is integrated with WebAdi product, allowing the users to upload budget data from the spreadsheet files directly to GL. It's that Easy!
Do you think the setup required to achieve budgetary control is complicated?
Review this document today, it provides everything you need for a good start:
Budgets and Budgetary Control - Setup and Usage (Doc ID 1928941.1)
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