Question

Budget Account Only Checkbox

  • 2 March 2024
  • 1 reply
  • 21 views
M
Rank
Badge +6

hi,

in IFS Version 7.5 in “Account OverView” there is  a Check Box named “Budget Account Only”.

In the help section, the explanation given for this checkbox is as follows:

“The box is checked if the account is a budget account. Information for the budget account can only be entered in IFS/General Ledger, the Budget folder, i.e. the account is blocked for normal postings. The budget account can be used as a selection term in queries, reports and in IFS/Report Generator. “

 

I can’t understand what is the meaning of this section “ information for the budget account can only be entered in IFS/General Ledger, the Budget folder, i.e.” what is budget folder? how can I use this Type Of Account (Budget Account)?

I very much look forward to receiving your response

 

1 reply

JJäthing
Rank
Userlevel 4
Badge +8

Dear Mohammad,

A budget account is for budget values only. 

The “Budget folder” is the IFS Navigator node for Budget.

When you create a budget you might not need budget amounts on all accounts but rather on groups of accounts. This is where you would put Budget Only- accounts into use. The Budget Account will then be your group account.

Hope this helps

/Jonas

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