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Dec 29, 2014 at 01:47 PM

Change of Budgeting process



I have a client wherein i implemented FM two years ago. They are doing budgeting based on a combination of Fund, Fund center and commitment items, Funded program is also used in some cases. Client posts budget for the year. Now there is a requirement from client , client wants to post and report for budget on quarterly basis i-e every quarter is a budget period , they also want to carry forward any residual budget to the next quarter. I can think of introducing FM account assignment Budget Period but i do not know the pros and cons of doing so in the live environment. Client needs this change to be implemented on fiscal year start. I need to know is it feasible to do so . What can be the unforeseen complications ? Please comments.