Skip to main content
Dynamics 365
·
3 min read

Budget Planning using allocations

In this blog I am going to describe the setup required for automatic allocation examples that can be used within Budget Planning:

  • Distributing budget plan lines from a parent to a child budget plan
  • Copy budget plan lines from one scenario to another using Period Allocation
  • Allocating budget plan lines monthly also using Period Allocation
  • Aggregating child budget plan lines to the parent budget plan
  1. Budgeting> Setup> Budget Planning> Budget Planning Configuration
    Scenarios within demo data will be used, Baseline and Forecasted


  2. Stages within demo data will be used

  3. Workflows
    Create a Parent Workflow with Stages: Initial and CFO review


  4. Create the Child Workflow with Stages: Distribute, Submitted, Ready for approval and Approved
    Require parent budget plan: True


  5. Scenario constraints
    Ensure that the Parent and Child Workflows have access to edit at all stages that will be used for both the Baseline and Forecasted scenarios


  6. Period allocations
    General ledger> Setup> Periods> Period allocation category
    Monthly period allocation – will distribute budget amounts by the specified monthly percentage


    No change period allocation – will be used to copy lines from one scenario to another


    Note – See this TechNet article for more information on Period Allocations https://technet.microsoft.com/en-us/library/aa582352.aspx


  7. Budgeting> Setup> Budget Planning> Budget Planning Configuration> Allocation Schedules

    Add
    Allocation schedule: Distribute
    Allocation method: Distribute
    Source Scenario: Baseline
    Destination Scenario: Baseline

    Add
    Allocation schedule: Copy Baseline to Forecasted
    Allocation method: Allocate across periods
    Period key: 40
    Source Scenario: Baseline
    Destination Scenario: Forecasted

    Add
    Allocation schedule: AggregateBaseline
    Allocation method: Aggregate
    Source Scenario: Baseline
    Destination Scenario: Baseline

    Add
    Allocation schedule: AggregateForecasted
    Allocation method: Aggregate
    Source Scenario: Forecasted
    Destination Scenario: Forecasted

    Add
    Allocation schedule: MonthlyBaseline
    Allocation method: Allocate across periods
    Period Key: Month
    Source Scenario: Baseline
    Destination Scenario: Baseline

  8. Stage allocations

    Add
    Budget planning workflow and stage: Parent workflow, Initial
    Allocation Schedule: Distribute

    Add
    Budget planning workflow and stage: Child workflow, Submitted
    Allocation Schedule: MonthlyBaseline

    Add
    Budget planning workflow and stage: Child workflow, Ready for approval
    Allocation Schedule: Copy Baseline to Forecasted

    Add
    Budget planning workflow and stage: Parent workflow, CFO Review
    Allocation Schedule: Aggregate Baseline

    Add
    Budget planning workflow and stage: Parent workflow, CFO Review
    Allocation Schedule: Aggregate Forecasted

  9. Budgeting> Setup> Budgeting workflows
    Create new> Budget Plan workflows

    Parent Budget Plan with elements in the following order:
    Start
    Activate associated budget plan
    Budget planning stage allocation
    Review associated budget plan
    Stage transition budget plan
    Budget planning stage allocation
    Review budget plan
    End


    Activate

    Create new> Budget Plan workflows
    Child Budget Plan with elements in the following order:
    Start
    Stage transition budget plan
    Budget planning stage allocation
    Review budget plan
    Stage transition budget plan
    Budget planning stage allocation
    Review budget plan
    Stage transition budget plan
    End

  10. Budgeting> Setup> Budget plan> Process

    Select the Budget Cycle, Ledger, Attachment Folder and Organization Hierarchy being used

    In this example, Finance Department is the top of this Organization Hierarchy, thus will be assigned the Parent Workflow
    All other Departments and Business Units are assigned the Child Workflow

    With the Parent Workflow selected in the stage rules, the Initial and CFO review stages must have Associate budget plan, Add lines and Modify Lines selected, as well as a valid template assigned.

    With the Child Workflow selected in the stage rules, the Distribute and Approved stages needs to have Associate budget plan, Add lines and Modify lines selected, as well as a valid template assigned.

    The stages of Submitted and Ready for approval need to only have Add lines and Modify lines selected, as well as a valid template assigned.

  11. Create a budget plan using the DEMO Allocations Process
    Add lines that include the dimensions used within the Organizational Hierarchy

    Submit Parent Workflow

  12. Child budget plans are created for the Sales and Marketing Department and IT Department are created with the values apportioned monthly as set in the period allocation key.

    Complete the first review for each child budget plan
  13. After the first review, the budget plan lines from Baseline scenario are copied over into the Forecasted scenario and the stage has progressed to Ready for approval

    Complete the review stage and child budget plans are now approved with a document status of Finalized.

  14. The parent budget plan needs to be completed as the Associated Child Budget Plans are finalized

  15. The workflow will now aggregate the Child budget plan lines up to the Parent budget plan for both Baseline and Forecasted scenarios

  16. The Parent budget plan is now reviewed, finalized and completed
Samantha Said [MSFT]

Related posts