Budgeting and planning
Sparkrock 365 includes a Budgeting and Planning extension which provides the capability to define a budget plan that is composed of multiple budget sets. Each budget set can be set up so that budget contributors can only enter budget information for a range of general ledger accounts and dimensions. After budget information has been entered, the budget set can be sent through an approval process. The combination of all budget sets per plan are the basis for a company budget. Budget plans and budget sets decentralize the budgeting process. Multiple contributors can participate and the budget data can be consolidated before completing the budgeting process.
This extension is designed for users who have a full license and who have one of the following personas:
Budget Administrator: Administers budgets and the budget creation process.
Budget Set Contributor: Contributes to the budget.
Budget Set Approver: Approver of budget sets, not the whole budget. Can be one of multiple levels of approvers within an approval group.
For information about how to set up budgeting and planning, see Set Up Budgeting and Planning.
To learn more about budgeting and planning, in the following table, select the links.
| To | Go to |
|---|---|
| Learn about the Budgeting Administrator role center. | Budgeting Administrator role center |
| Learn about the budget matrix for budget sets. | Budget matrix for budget sets |
| Learn about budget set entries. | Budget set entries |
| Learn how to export budget sets to Excel and import budget sets from Excel. | Export and import budget sets |
| Learn how to copy data to populate a budget set. | Copy data to populate a budget set |
| Learn how to create budgeted amounts by period account sets. | Create budgeted amounts by period account sets |
| Learn about budget set approvals, including how to send a budget set for approval or cancel a budget set approval request. | Budget set approvals |
| Learn how to release a budget set. | Release a budget set |
| Learn how to reopen a budget set. | Reopen a budget set |
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