Create Cost Budgets

Budgeting in cost accounting resembles budgeting in the general ledger. A cost budget is created based on cost types just as a budget for the general ledger is created based on general ledger accounts.

A cost budget is created for a certain period of time, for example, a fiscal year. You can create as many cost budgets as needed. You can create a new cost budget manually, or by importing a cost budget, or by copying an existing cost budget as the budget base.

The following table describes a sequence of tasks to manage cost budgets, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.

To	See
Transfer budgets from the general ledger.	Copy G/L Budget to Cost Acctg.
Copy cost budgets.	Copy Cost Budget
Allocate budgets.	Cost Allocation
See cost budget registers and cost budget entries.	Cost Budget Registers
Print cost budget comparisons using various reports.	Cost Acctg. Balance/Budget Cost Acctg. Statement/Budget Cost Budget by Cost Center Cost Budget by Cost Object

See Also

Concepts

Manage Cost Accounting
Terminology in Cost Accounting
Define and Allocate Costs