Hi,
The following settings determine whether a budget can be allocated to a WBS element or an order:
You store a budget profile or order type in the project definition. This profile contains the control parameters for budgeting. In Customizing, under Project System -> Costs -> Budget -> Define Default Budget Profile for Project Definitions you define:
-The period of time during which budgeting is allowed
-Whether budgeting is allowed for total annual values, and/or annual values
As a default in customizing under Project System -> Costs -> Budget -> Maintain Budget Profile
In the profile data of a standard project definition under Accounting -> Project System -> Project -> Special Maintenance Functions -> Project Structure Planning -> Project Definition -> Create -> Control tab page -> Group box Accounting -> Budget Profile
In the profile data of a project definition in Customizing under Project System -> Structures -> Operative Structures -> Project Structure Plan -> Create Project Profile Status
You can allocate budget after the status Created has been reached. If you want to prohibit budget allocation in the Created status, you need to define a user status.
Allocation of Original Budget: After the planning phase is closed, a project or internal order is approved and budgeted by a decision-making body, to whom the original budget is assigned. For projects, the project manager distributes the budget to individual WBS elements using the top-down method.
To budget a project or an order, you can:
-Transfer the values from cost planning as a budget.
-Enter the budgets directly in the WBS elements or order.
If helpful, please assign points.
Regards,
Manju
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