Use workspace and inquiry pages to track budget vs. actuals
The budget manager can review the current state of a budget in the Ledger budgets and forecasts workspace.
The Expense over budget and Revenue under budget tabs provide a quick view of the financial dimension combinations where budget targets aren't being met or are approaching the threshold.
You can personalize the budget threshold percentage and financial dimension sets on those tabs by selecting Configure my workspace.
Select Unit managers to view the workers who are responsible for the selected financial dimension combinations on those tabs.
For example, if you notice that the expense budget of the Operations department is exceeding the budget threshold, you can find and contact the Operations department manager to discuss the issue.
The Department manager field on the Organization Units page determines which managers support specific financial dimension combinations. Select See more in the lower part of the tab to open the Budget vs actuals inquiry page for more details about budget amounts versus actual amounts.
The Actual vs budget inquiry page lets you drill into the details of the budget versus actual amounts. Select a line on the inquiry page, and then select Period balances to view budget and actual amounts that are spread across fiscal periods. The Budget account entries page provides drill-through to the details of the budget amount in budget register entries. The General journal entries page opens the ledger transactions that are included in the calculated Actuals amount.
A company that's using budget planning functionality can create and use budget forecasts in the Ledger budgets and forecasts workspace.