Equity change budget

Here you will learn how to set up financial planning of transactions related to changes in the enterprise equity.

With the subsystem tools, you can get flexible solutions depending on the industry you work in and your company's management methods. You can export the budgeting model and its basic catalogs (budgeting scenarios, budget profiles, budgeting steps, and so on) to a file and import them to another infobase. Along with the standard configuration, you get a file with a budgeting model example. Below you can find recommendations on how to set up the application based on the economic theory and best practices.

Before you continue with the setup, we recommend that you configure:

• Basic settings of financial planning
• Income and expense budget (as profitability & cost items are used to generate the "Retained profit" equity item)

Make sure you register indicators of financial plan amounts and quantity with a positive sign. For negative data, you need to set up the display and calculation formulas separately for each budget type.

Step 1. Create budget flow items that you will use to create an equity change budget structure.

Step 2. Generate a list and a structure of budgets related to the equity change budget in question.

Step 3. Set up rules to request information from system sources.

Once you set up the application, the financial planning subsystem is ready for use as a tool for financial planning of the equity change budget.