Creating Budgets With Budget Builder

Use the Budget Builder feature to create new Budgets, and use the new Budgets to enter data for global assumptions or to model "what-if" scenarios.

With Budget Builder, you can create a Budget based on data from a source (an existing Budget or Forecast Scenario). Optionally, you can also adjust the source data to create new values for the Budget.

You can adjust the data by a percentage or specified amount. The values get allocated to the Budget evenly across the Budget Year or by seasonality. Seasonality is an allocation on a monthly basis. For example, the August value from the source Scenario and Year gets adjusted and then used as the value for August of the current Budget Year.

To create a new budget version:

From the Home page, click the Budget card.
Click the 1 tab on the left-hand side.
Click Budget Overview.
In the Point of View (POV), select a Scenario, Version, Subsidiary, Currency, Year, and Period.

Note:
In the POV, your Scenario and Version options are defined and limited by the user variable you set.

If you use Forms 1.0, click the Go icon to apply the changes to the POV.
Right-click the data grid, and then select Create Base Budget from the menu.

The Create Base Budget wizard opens in Forms 1.0.

The Create Base Budget drawer opens in Forms 2.0.
Select the source Scenario and Year. Then, select the target Budget Year, Subsidiary, and Currency.
If you use Forms 1.0, click Next.

If you use Forms 2.0, click Continue.
Under Seeding Methods, choose the method for populating data to the new Budget (referred to as seeding), and then enter your adjustments or targets. The methods are:
- Seasonal With Optional Adjustment – Adjusts the source data by the specified percentage. Data allocates to the Budget by seasonality.
  
  if you do not want to make any adjustments, then you can leave Adjustments or Targets at 0.
- Average With Optional Adjustment – Adjusts the source’s total year by the specified percentage, and allocates evenly across the months within the Budget Year.
  
  if you do not want to make any adjustments, then you can leave Adjustments or Targets at 0.
- High Level Target – Replaces source data with the specified amount. Data allocates to the Budget by seasonality.
  
  For this method, you must enter a non-zero target value.
- Targeted Adjustment – Adjusts the source data by the specified amount. Data allocates to the Budget by seasonality.
  
  For this method, you must enter a value greater than zero.
If you use Forms 1.0, click Launch.

If you use Forms 2.0, click OK
If a popup window confirms that the Budget creation was successful, click OK.

General Notices