Default Subsidiary Budget Settings for Financial Statements

When the Multiple Budgets feature is enabled in your account, financial statements with budget data include the following settings in the results page footer by default:

• Budget Category – Set to Legacy. This indicates that budgeting is done on a global basis and that the report should include consolidated data for all subsidiaries in the currency of the root-parent subsidiary.

• Subsidiary Context – Set to the consolidated root-parent subsidiary. The setting cannot be changed. This setting applies whenever the selected Budget Category has a Global budget type.

For example, if the root-parent subsidiary is in the U.S., a report with these settings displays data for all subsidiaries rolled up to the consolidated totals for the U.S. subsidiary and all its sub-subsidiaries. The currency for the report is U.S. dollars.

General Notices