Make it Final: Finalizing Your Budget
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Have you recently created or copied a budget? Have you allotted all of the appropriate amounts? Do you believe that you are done with entering your budget? If that is the case, then you are ready for the next step to finalize your budget.
What does finalizing do? Finalizing your budget will lock the budget period amounts for the scenario and time period. Once the budget is finalized you will notice a lock icon will show beside the description of the budget.
Before finalizing, we suggest you make a backup of your data prior to going through this process because we are not able to undo finalizing. Once this is done, you are ready to go through the below steps.
To finalize your budget:
1. Open your budget you want to finalize
2. Select Budget from the menu bar while viewing the budget
3. Select Budget Tools
4. Select Finalize scenario and Next
5. Select the Scenario ID and the Start Fiscal Year for the budget you want to finalize
6. Select Next to review the information of what is going to be finalized
7. If this is correct, select Finalize Now
Now, you have successfully finalized your budget. Good job! If you notice you need to make some changes to your finalized budget, this is not a problem. You can make changes to finalized budgets; however, the changes will need to be made with Budget Adjustments.
What does finalizing do? Finalizing your budget will lock the budget period amounts for the scenario and time period. Once the budget is finalized you will notice a lock icon will show beside the description of the budget.
Before finalizing, we suggest you make a backup of your data prior to going through this process because we are not able to undo finalizing. Once this is done, you are ready to go through the below steps.
To finalize your budget:
1. Open your budget you want to finalize
2. Select Budget from the menu bar while viewing the budget
3. Select Budget Tools
4. Select Finalize scenario and Next
5. Select the Scenario ID and the Start Fiscal Year for the budget you want to finalize
6. Select Next to review the information of what is going to be finalized
7. If this is correct, select Finalize Now
Now, you have successfully finalized your budget. Good job! If you notice you need to make some changes to your finalized budget, this is not a problem. You can make changes to finalized budgets; however, the changes will need to be made with Budget Adjustments.
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ARCHIVED | Financial Edge® Tips and Tricks
07/16/2015 1:39pm EDT
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