Advance Processing

Financial Management > Annual Budget Processing > Budget Processing > Advance Budget

The Advance Processing page accessed at the above software path or by clicking the Advance command button on the “Budget Organization List” page allows authorized users to advance an organization from the current level to the next level.

For users with a Financial Management State Reporting License Key, it uses Funds instead of the standard organization set.

Security

A security component, Advance Processing, exists for the budget advancement process. You will need this permission to access the page. ClosedShow me.

Advance the Budget

  1. The Budget Year is populated by default with the current budget year defined on the Annual Budget Settings tab on Company FM Settings. All of the open budget years are available as options.
  2. Select the budget Level to Advance From value. If the page is accessed from the Budget Organization List page, the default is the budget level from that page; otherwise the default is blank. The level descriptions come from the Annual Budget Levels tab on the Company FM Settings” page. Once the level is selected, the Available Organizations field is populated with all records that have a Current Level equal to the one selected.
  3. At least one organization must be selected. Select the organization(s) for which the budget should be advanced. For users with a K-12 license key installed, it will use Funds (Offsetting Organization Sets) instead of the standard Organization set.
  4. Click the Advance button to advance the budget.