Budget scenario

You can use budget scenarios to add separate groups of budgets for different situations. For each group of budgets, you add a separate scenario, and you can compare these scenarios with each other.

The budget obligations and reservations apply to all scenarios already present and those still to be created.

Description

You can use budget scenarios to link multiple budgets to a ledger account by using as many scenarios. This allows you to check what financial consequences your decisions or circumstances will have for your organisation. By setting up separate budget scenarios, you can see what the possible effects are, for example, of a 'worst case' and a 'best case' scenario or a growth and a shrinkage scenario. After this, you can specify which of these scenarios should function as the preferred scenario.

Profit requires a preferred scenario for each administration to determine which scenario you work with for creating reports, among other things. And also to prevent the scenario with which you work from being accidentally deleted. You record budget scenarios at the administration level. If you work with multiple administrations, you should ensure that the configuration and meaning of the budget scenarios for the various administrations are attuned to each other. Otherwise, it could be that budget scenario '001' in administration 'A', for example, is configured as 'Worst case', while budget scenario '001' in administration 'B' is configured as 'Best case'. This can be confusing.

Preparation

Procedure