E-Business Suite allows budgets to be managed in the same way as normal transactions, for each unique combination of your Chart of Accounts.
You can use summary accounts or rollup groups to manage and maintain budget values:
Budgets can be directly entered into the application using forms.
Budget creation requires the creation of the following two elements:
Budget Year (can span multiple years).
Budget Organization (typically departmental or a group of departments). This will contain all the account combinations that you will create a budget amount for.
Budgets are not required for all the account combinations, only for those that you need to report budget variances.
Budgets are managed within Budget Organizations.
You can also load budgets using Web ADI (a functionality that allows you to manage data using Excel and a plug for Oracle), which will download the Budget and Budget Organization accounts for a span of periods as specified by your template.
