Budgets based on Regions - workaround

[former_member282786]

Hi

I have read a few questions on the forum with regards to Budgets and Profit Centers etc, we pretty much have the same scenario where the company will have regions and will need to base Budgets off these regions, I have gone through and added Budget Scenarios per Region (which is setup as a Project in SBO).

Is this viable or attainable?

They will do postings where they will have to select a project so we can record the correct costs or revenues for this region but my question basically is "will this be possible with so many Budget Scenarios with the same GL Accounts" my feeling = not but if someone can point me in a workaround this will be much appreciated.

Regards

Kurt Walters

[Former Member · Accepted solution]

Hi Kurt Walters,

Your feeling is correct. The whole idea to use one company for different legal entities may not work at all. Only if they are really only branches that do not need separate statement, it is ok. In this case as the budget, you have to set up all different accounts for individual account budgets.

Thanks,

Gordon

[former_member282786 · Accepted solution]

Hi Gordon

Thanks for the reply, much appreciated

Regards

Kurt