Guidelines for Copying a Subsidiary Budget
In NetSuite OneWorld, you can copy a subsidiary's actual amounts or a budget to use as the basis for different versions of the same subsidiary's budget.
To create or copy budgets for an elimination subsidiary, set the Enable Budget with Elimination Subsidiaries accounting preference.
For the specific steps to copy a budget, see Copying a Budget.
The Budget Category you select on the Copy Budgets page as the target (To) affects the amounts in the budget copy as follows:
|
From -source budget category type |
To -target budget budget category type |
Impact |
|---|---|---|
|
Local |
Local |
1-to-1, no change from local. |
|
Local |
Global |
Use Budget Exchange Rates table to convert local currency amounts to global currency amounts. |
|
Global |
Local |
Use Budget Exchange Rates table to convert global currency amounts to local currency amounts. |
|
Global |
Global |
1-to-1, no change from global. |
When copying actual amounts into a budget, the Budget Category you select as the target (To) affects the amounts in the budget copy as follows:
|
From -source budget category type |
To -target budget category type |
Impact |
|---|---|---|
|
Local |
Local |
1-to-1, no change from local. |
|
Local |
Global |
Use Consolidated Exchange Rates table to convert local currency amounts to global currency amounts. |
A budget with a global budget category type has source amounts in the root parent's base currency. When you copy that global budget as the basis for a local budget, NetSuite converts the amounts into the subsidiary's base currency. The exchange rates for the conversion are those in the Budget Exchange Rates table.
For example, you copy a budget with a global budget category type in U.S. dollars (USD) as the basis for a local budget in Canadian dollars (CAD). NetSuite converts the budget amounts from USD to CAD when copying the budget. The conversion uses the inverse of the CAD to USD exchange rate from the Budget Exchange Rate table. The inverse rate is used because the Budget Exchanges Rates table stores only bottom-up exchange rates (CAD to USD), not top-down (USD to CAD).