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About creating a budget from transaction accounts and total accounts [AX 2012]

Updated: November 10, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You can create budgets based on transaction accounts and total accounts. Generally, these budgets involve expense accounts that have a main account type of Profit and loss.

NoteNote

For information about total accounts in budget groups, see Basic budgeting and budget control setup overview.

Typically, a budget is created from either transaction accounts or total accounts, but you can use both at the same time.

In the Budget register entry details form, a budget account entry for a total account displays only the budget amount that is entered directly on the total account.

When a budget is used in reporting, such as on a financial statement, the budget sum for the total account consists of the following:

  • The budgets that are created from each transaction ledger account in the interval of the total account.

  • The budget amount that is entered directly on the total account.

This lets you create separate budgets for the most significant transaction accounts in the interval of the total account, and then add the available budget amount to the total account.

You can also create a budget from either transaction accounts or total accounts.

  • If you enter budget amounts for a total account, do not enter budget amounts for the transaction accounts that are included in the total interval.

  • If you enter budget amounts for the transaction accounts that are included in the total account interval, do not enter budget amounts for the total account.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).
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