Use Budget and Statistical Versions to define the operating budget and statistical versions that you plan to use to manage budgets and analyze your performance. The values specified here help you differentiate budget and statistical data from actual data. Budget and statistical data does not affect account balances. Specifying values for budget and statistical versions in Budget and Statistical Entry enables you to have comparisons printed on financial reports. You can maintain budget and statistical versions for past, current, and future years.
Setting Up Budget and Statistical Versions
Select Financials | Setup | Budget and Statistical Versions.
Click New to create a new budget or statistical version.
Specify a description for the budget or statistical version in Description.
Select a type in Type. Options include the following:
Budget – represents that the version is a budget
Statistical – represents that the version is statistical
Click to select the Active check box if the version is active status. This allows for the version to be used.
Click Save and New, or click Save and then click New, to save the new budget and statistical version and start adding the next.
A: No.