cancel
Showing results for 
Search instead for 
Did you mean: 

Budget based on Cost Center in SAP Business One

krishnam_mathur
Explorer
0 Kudos

Hi Team,

I am in a situation where I need the budget and budget reports based on cost center rather than the GL Accounts. As of my understanding the budget is based on GL accounts and we add cost centers and their budget for each GL account. But I need is only cost centers, their budget and actuals.

Regards,

Krish

Accepted Solutions (0)

Answers (3)

Answers (3)

giacomozzi
Explorer
0 Kudos

I don't know if this helps, but I did the following:


I created a scenario for each cost center. Then, when defining the budget, I selected the manual method and budgeted the amounts for each month.

dinesh-pn
Active Participant
0 Kudos

Dear Krishnam,

Unfortunately the Budget can only be assigned to the accounts not to the cost center. 😞 Try creating the custom forms to achieve this requirement.

Thanks

Dinesh PN

dinesh-pn
Active Participant
0 Kudos

Hi Krishnam,

Unfortunately there is no separate budget screen for cost center alone. But you can assign your list of cost center for each account in Budget screen itself.

1.Financial - Budget Setup - Budget Scenarios (Create your budget name here)

2.Financial - Budget Setup - Budget (Select your scenario) - OK

3.Choose the desired account - Input the budget amount on selected account - Right Click Add cost center assign the value to that cost center

- Update

Note: Before start entering your Amount select your Dimension on the right top corner.

Thanks

krishnam_mathur
Explorer
0 Kudos

Thanks Dinesh for your reply. I am aware of how to setup a budget with cost center, what my business needs is month on month cost center budget and their actual.