Mastering Financial Planning ???? in Microsoft Dynamics 365 Business Central! ???

In Microsoft Dynamics 365 Business Central, the G/L Budget Overview feature provides users with a comprehensive view of budget allocations for General Ledger accounts, facilitating efficient budget management and analysis within the financial module.

Creating A New Financial Budget

1.??? go to the Search Area --> G/L Budgets.

2.??? Create a New Button to add a new Budget.

3.??? Enter The Following in the new line.

4.??? Click Edit Budget.

5.??? The system will be directed to the Budget Screen.

Update date Filter

In the General Ledger (G/L) Budget module of Microsoft Dynamics 365 Business Central, the Date Filter feature empowers users to selectively focus on budget data within specified date ranges. This functionality enables users to analyze budget allocations and financial performance with precision, facilitating informed decision-making and comprehensive budget management within the system.

6.??? Open Filter Section and Update date Filter Field …1-1-27...12-31-27

7.??? Go up to the Budget matrix Section and Select G/L Accounts and enter budgetary amounts across the Financial Period for each G/L Account.

8.??? Specifies the type of the G/L account for which you will see information in the window from Income/Balance G/L Account Filter.

Allocate G/L Budget Manually Across Financial Dimensions

In Microsoft Dynamics 365 Business Central, users can allocate General Ledger (G/L) budgets across various financial dimensions to effectively distribute budgeted amounts based on specific criteria such as departments, projects, locations, or other customized dimensions. This feature allows for detailed budget planning and analysis, ensuring that financial resources are appropriately allocated and monitored across different segments of the organization for comprehensive financial management and reporting.

9.??? Select Sales, Retail - Dom. G/L Account then Click Budgeted Amount.

10.??? The System will navigate you to the Budget Details screen for this ledger Account.

11.??? Click Edit List to Allocate Dimensions Across Selected G/L Account.

12.??? Update Dimension (Cost center – Project) Manually Line by Line for selected G/L Account.

13.??? Click Step Back Then Select another G/L Account and Repeat steps from (9...12).

Export and update Budget through Excel

In Microsoft Dynamics 365 Business Central, users can seamlessly export budget data to Excel for convenient manipulation and analysis. This integration allows for efficient updates to budget information directly within Excel, enabling users to make changes, adjustments, and additions to budget figures offline before importing the updated data back into Business Central. This streamlined process enhances flexibility and productivity in budget management, empowering users to maintain accurate and up-to-date financial plans with ease.

14.??? Click Process Tab then Click Export to Excel.

15.??? ?Enter The Following

16.??? Click Column Dimensions.

17.??? Select the Dimensions from the Pop-up screen.

18.??? Click Close to back to the Export Budget to Excel Window.

19.??? The Column Dimensions field will be updated by the dimension’s selection.

20.??? Click Ok.

21.??? Budget Excel Has been Downloaded.

22.??? ?Open Excel Sheet.

23.??? Expand the first 2 columns in the Budget Sheet.

24.??? ?Update the Budget Sheet by the budgetary amounts.

25.??? ?Save Excel File after update the Budget Amount.

26.??? Go back to the G/L Budget Screen.

27.??? Click Process tab then select Import from Excel.

28.??? ?Import Budget from Excel Screen will open Enter the following

29.??? Click Ok.

30.??? Click, Click Her to browse to select the Budget sheet that you want to import.

31.??? Click, Click Her to browse to select the Budget sheet that you want to import.

32.??? Are you sure that you want to replace entries for the Budget Name 2027?

33.??? Click Yes.

34.??? ?G/L budget entry table has been Successfully updated with ## Entries.

35.??? Click Ok.

36.??? Click Budget Amount Field.

37.??? ?As you can see the combination between G/L account and dimensions has been uploaded into the targeted budget across selected periods.

Copy Budget for the next year

In Microsoft Dynamics 365 Business Central, users can copy existing budgets to streamline the budgeting process and avoid unnecessary duplication of effort. By utilizing the "Copy Budget" feature, users can quickly replicate an existing budget template, including allocated amounts and configuration settings, to create new budget versions or scenarios. This functionality simplifies budget management tasks, saves time, and ensures consistency in budgeting practices across different periods or departments within the organization.

38.??? ?From Process Tab Click Copy Budget.

39.??? ?Select the Following

40. Click Ok.

41. ?Do you want to start the Copy.

42. Click Yes.

43. Budget has been successfully Copied.

44. Click Ok.

45. ?Back to the G/L Budget Screen, you will find a new Budget that has been created for 2028

46. Select the new Budget and Click Edit Budget.

Trial Balance/ Budget

47. go to the Search Area --> G/L Budgets.

48. Select targeted Budget.

49. Click Trial Balance/ Budget.

50. ?Click Preview Close