How to define Parent Account in Budgeting?

[mjsualeh]

Hi,

I am assigning budget to my GL. I want to assign Parent Account to Master Budget Organization and its Child account to Detail Budget Organizaion.

I have defined following Parent Child hierarchy in expense

400 ? EXPENSE -1000
401- Traveling Expense
402-Stationary Expense
403-Meal Expense

I want that 400 should be assigned to Master Budget Organization with rs.X and I want to distribute different amount among childs.


How can I do this?
Can we assign budget amount to Parent Account? Currently the system is not displaying parent account in Enter Amount form.

Regards,
Junaid.

[mjsualeh]

Hi All,

I have found my answer of this question from metalink and the answer is shown below:
From DOC ID:263952.1
* fact: Oracle General Ledger
* fact: GLXBDENT - Enter Budget Amounts/Journals
* symptom: Attempting to choose Parent account and not in List of values
* change: Entering new budget
* cause: You cannot enter values to parent accounts as values are not stored in parent accounts
fix:
Enter budget values in child value accounts.

But u can do fund checking on parent level by using summary account & roll up group: for help try to access Doc ID:265011.1
the description of the doc is written below

The information in this article applies to:
Oracle General Ledger - Version: 11.5.8
This problem can occur on any platform.
Goal
To Set up Budgetary control at Summary level in General Ledger.
Fix
1.Create a rollup group 'RG' ( Set Up>Financiasl>Flexfields>Groups)

2.Attach it to a Parent Value 'P' having child Values 'C1' and 'C2'
( Set Up>Financials>Flexfields>Values)

3.Define a Budget and a Budget Organisation ( Test and Test Org respectively)
(Budgets>Define>Budget)
(Budgets>Define>Organisation)

4.Attach the two child values in the Range assignments to "Test Org" with the funds check level as Advisory.
(Budgets>Define>Organisation, query the Organisation, click on Ranges)

5.Run the Maintain Budget Organisation Program.

6.Create a Budget Journal for account combination involving C1 and C2 ( Eg. $100 and 200).

7.Create a Summary Template 'D.RG.D' with funds check level as Absolute
(SetUp>Accounts>Summary)
(Specify Absolute budgetary control for the summary template or templates that have the highest level of summarization.).

8.If you pass a Journal for C1 with an amount of $150 also , the funds reservation will not fail.
The amount taken into consideration is $300 ( total value for Childs under P).

9.However after posting the above Journal, if even $175 worth Journal is made against C2 , it will funds reservation as the remaining funds will be only $150!!

When an amount is posted on an account, the system will check in which summary templates the account is included (by means of the rollup group). .