Budget Lines: Original Budget, Transfers & the Revised Budget
This lesson is part of the course
In this lesson
You set up Fernhill Institute's five budget lines, post the year's budget transfers with SUMIFS and compute the revised budget per line – the base for every later check.
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Lessons in this course
- Budget Lines: Original Budget, Transfers & the Revised Budget Locked
- Commitments: How Purchase Orders Encumber the Budget Locked
- Invoices & Releases: Actual Spend, Partial Invoices and the Open PO Balance Locked
- Available Budget & the Funds Check Before a New PO Locked
- Price & Quantity Differences: Invoices Above or Below the PO and Tolerance Rules Locked
- Forecast to Year-End: Run Rate, Planned Commitments & Projected Out-Turn Locked
- Year-End: Carrying Forward Open Commitments & the New Year's Opening Position Locked
- The Budget Report: Line × Month Table, Share Used, RAG Status & Chart Locked