Budget terms consist of a calendar type defined by start and end dates. You can include a single budget term in multiple budgets.
To define budget terms:
-
Select Operations > Budgets > Budget Terms.
-
Click New Record.
-
Specify this information:
Organization - Specify the organization to which the budget term belongs if you use multi-organization security.
Budget Term - Specify a name for the budget term, and then enter a budget term description in the adjacent field.
Calendar Type - Specify the calendar type for the budget term. The system automatically populates Number of Periods.
Start Date - Specify the start date for the budget term.
End Date - Specify the end date for the budget term.
-
Click Save Record.