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Attention: In order to perform the budget process, business processes and transactions must be defined correctly. At the same time, the necessary authorizations must be given under the budget, otherwise the transaction cannot be performed.

A new budget wizard can be created from the Magic Budgeter listing screen, created budget wizards can be updated and budget transfer transactions can be performed.

Magic Budgeter Definition

Definitions made on the Magic Budgeter screen should be made very carefully. After this budget wizard is created, a budget transfer will be made between two cost/income centers.

Wizard Name: A name is given to the budget wizard.
Designer: The person who designed this budget wizard is selected.
Process: The process of the budget wizard. phase is selected. These stages can be selected based on definitions. For example; Preparation, approval, 1st Supervisor Approval.
Design Date: Design date is selected.
Block Addition: If more than one transaction will be performed, a new block can be added.
Block Detail: Block name is given and income or expense selection is made.
Accounts Detail: Cost and income centers are selected from which account to which budget transfer will be made. Then, the budget items of this cost and income center are selected. Activity Type is selected. Activity types come from the parameters page and various definitions can be made. Action can be taken after the "Percentage Rate" is given.
Attention:Make sure that the budget item is linked to the cost and revenue center.
Running the Budget Wizard:Budget wizard after definitions

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

Running Magic Budgeter

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

Start and End Date: Transactions made under Cost and Income centers are listed according to date ranges and transactions are carried out accordingly.
Transaction Date and Transaction Type: Selection of transaction type and date.
Run: After the dates are given and the transaction type is selected, the "Run" button is clicked. Thus, the basket area shown at number "6" in the image appears.
Save: If the basketball area is examined and deemed appropriate, the "Save" button is clicked to perform the budget transfer.
View Transaction - Delete Transaction: The budget transfer transactions performed can be viewed on the "Expenses" or "Revenue" page, depending on their type. This transaction can be removed with the button at the end of the line.
Transaction Details: Depending on the date range selection, details of the expense and income accounts appear here. Action should be taken after being sure of the data here.

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About Workcube Objects

Magic Budgeter

By integrating Finance Accounting and Budget solutions, it allows businesses to manage their budgets more efficiently and smartly. Bulk budget transfers between cost and income centers are done with magic budgeter.

Type: WBO Version: Holistic v1 Licence: Standard Author: Workcube Core