What is Magic Budgeter? How to Use?

Collective budget transfers between expense and income centers are done with Magic Budgeter.

Route: ERP > Finance Accounting > Budget > Magic Budgeter

Warning: Business processes and transactions must be defined correctly to perform the budget process. At the same time, the necessary authorizations must be given under the budget or the transaction cannot be carried out.

A new budget wizard can be created, created budget wizards can be updated and budget transfers can be made from the Magic Budgeter listing screen.

Magic Budgeter Definition

The definitions made on the Magic Budgeter screen should be made very carefully. After creating this budget wizard, a budget transfer will be made between the two expense/revenue centers.

1. Wizard Name: The budget wizard is given a name.
   
2. Designed By: The person who designed this budget wizard is selected.
3. Process: The process stage of the budget wizard is selected. These stages can be selected according to the definitions. Example; Preparation, Approval, First Supervisor Approval
4. Design Date: The design date is selected.
5. Adding Block: A new block can be added if more than one transaction will be made.
6. Block Detail: Block name is given and income or expense selection is made.
7. Accounts Detail: Expense and income centers are selected from which account to transfer the budget to which account. Then, the budget items of this expense and income center are selected. Activity Type is selected. Activity types come from the parameters page and various definitions can be made. After the "Percentage Rate" is given, the transaction can be made.
   Warning: Make sure that the budget item is linked to the expense and income center.
8. Running Budget Wizard: After the definitions, the budget wizard is run.

Note: In order to use this page effectively, the articles titled "Expense & Income Centers" and "Budget Categories and Budget Items" should be read.

Running Magic Budgeter

After the Magic Budgeter definitions, the budget wizard is run.

1. Start and End Date: Transactions made under the Expense and Income Centers are listed according to date ranges and transactions are made accordingly.
2. Transaction Date and Transaction Type: Transaction type and date are selected.
3. Run: After the dates are given and the operation type is selected, the "Run" button is clicked. Thus, the basket area shown at number "6" in the image comes up.
4. Save: If the basket area is examined and deemed appropriate, the "Save" button is clicked to make the budget transfer.
5. View Transaction - Delete Transaction: Depending on the type of budget transfer transactions, it can be viewed on the "Expenses" or "Revenues" page. This operation can be removed with the button at the end of the line.
6. Transaction Details: According to the date range selection, the details of the expense and income accounts are displayed here. After making sure of the data here, action should be taken.