Post Original Revenue Budgets Page
Use this page to set up your Revenue Ledger records. Following are a few things to consider before entering your records:
- A revenue record's budget unit-account combination or account number must exist in the Organization Chart.
- Unlike expenditures, revenues cannot be budgeted per period. All budgeted revenue amounts are annual. However, revenues are recorded on a per-period basis for reporting and review purposes.
If you use the Budget Preparation System, do not use the Post Original Revenue Budgets page, until after you have posted your budget for the current fiscal year in either Budget Preparation's Post Budget option or Fund Accounting's Year End option.
Menu Path
From the Fund Accounting menu, select Entry & Processing. From the Budget Ledgers menu, select Revenue Ledger.
Setting up a Revenue Budget Record
- Click Add New.
- In the Budget Information section, complete the fields identifying the record.
- In the Revenue Budget Amount field, enter the revenue amount budgeted for the fiscal year.
- Click OK to save the record.
Fields
Field | Description |
|---|---|
*Budget Unit* | Low organization to record transactions in your Revenue Ledger. The ledger's units are defined in the Organization Chart. This field is not displayed if the Full Account Format option is enabled in the Fund Accounting profile. The Full Account Format option is available in versions 22.4 and later. |
Account | Account from the range stored in your Fund Accounting profile Revenue fields. The system only accepts accounts within this range. Also, the budget unit-account combination entered must exist in the General Ledger. This field is not displayed if the Full Account Format option is enabled in the Fund Accounting profile. |
Account Number |
22.4 and later.
If the Full Account Format option is enabled in the Fund Accounting profile, enter the full account number based on the format defined in the Fund Accounting profile translation page. |
| *Budget Unit* Title | Title or description of the budget unit |
| Account Title | Title or description of the budget unit account. |
| (Ledger) Title |
22.4 and later.
Ledger Title replaces Budget Unit Title and Account Title. It may be comprised of the Budget Unit and Account titles but can be edited by a user. |
Transaction Description | Brief description of the revenue line item. Character/25 |
Control Number | Optional number for grouping this record with other records. Character/8 You can use this number when searching for records on the Fund Accounting Transactions page. |
Revenue Budget Amount | Amount budgeted in the fiscal year for revenues. |