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Change of Budgeting process

Hi:

I have a client wherein i implemented FM two years ago. They are doing budgeting based on a combination of Fund, Fund center and commitment items, Funded program is also used in some cases. Client posts budget for the year. Now there is a requirement from client , client wants to post and report for budget on quarterly basis i-e every quarter is a budget period , they also want to carry forward any residual budget to the next quarter.  I can think of introducing FM account assignment Budget Period but i do not know the pros and cons of doing so in the live environment. Client needs this change to be implemented on fiscal year start. I need to know is it feasible to do so . What can be the unforeseen complications ? Please comments.

Regards

Former Member replied

Atif,

You can make the Budget Period QUARTER_1 valid 01.01.1900 to 31.12.9999 and then derive it when posting date is 01.01.2014 TO 31.03.2014. This way you do not have to create a new budget period each year. You do have to carry forward the remaining budget in the budget period at the end of each quarter.

Thanks

Shyam

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