Budget Questions

[Shafeeq]

Hi,


We have a requirement to have separate budget for each year, also, in
reporting we would like to know amounts consumed in each year and the
remaining of each budget type.

e.g
Software Licenses (budget 2009: 10,000, 2010: 20,000)
Software cost (actually purchasese; 2009: 8,000, 2010: 17,000)


so, 2009: budget= 10,000, actual cost=8,000 remaining=2,000
2010: budget= 20,000, actual cost=17,000 remaining=3,000

so to summarize:
1. How to record separate budget for each year.
2. how to identify amounts spent in every year.
3. how to get the remaining budget for each year.


Thanks

 

[Andrew Lavinsky]

Assuming you have 2007, you could in theory use budget and cost resources to
accomplish this. Alas, the last I checked (which was a couple of months
ago), the use of cost resources for tracking timephased data was not
recommended due to potential data corruption issues.

You might try using them and see how stable they are after all of the latest
patches, etc.