Oracle Fusion Budgeting

This video shows step-by-step setups to Oracle Fusion Budgeting process.

[@mutukupatrickmwangangi9556]

Thanks a lot Vikas. You are a Life saver!!. I managed to get a grasp of the Budgeting in less than 1 Hour. I wish you nothing but peace only!!

[@Bravo-nt2bu]

Excellent VIkas..You are one of the best tutor. You make it very simple and very strucutured videos-GOD bless you for long lasting career and healthy life

[@vikashandaqviksoftoraclefusion]

Thanks for your kind feedback. Wishing you good luck in learning too.

[@omanaammad3446]

You are one of the best tutor. I make it a point to see your videos since it gives something new to learn every time.

[@sohailmunawar7789]

You make very detailed video, which help to develop a crystal clear concept. Indebted to you! Thanks alot!

[@Bravo-nt2bu]

Excellent Vikas, nicely explained. Best wishes and GOD Bless you for your endeavors

[@ArulFitnessWorld]

Nice very well detailed explanation thanks a lot

[@sudarshanpatidar6189]

Very well explained. Thank you

[@rvipul86]

Nice Explanation, great job

[@vikashandaqviksoftoraclefusion]

Thanks Vipul

[@vikashandaqviksoftoraclefusion]

Thanks Vipul. Good to know that video was useful for you.

[@abhi20aug]

very well presented and explained

[@NNK1NNK]

Thank you this was very helpful

[@sharwanairtel]

Thanks Vikash.. Nice Video

[@KumR]

Eagerly Waiting for your next video on this topic

[@onlinealways9853]

1. Sir Please also explain by doing transaction of Budgetary control 2. Please explain the encumbrance accounting.

[@mohamedbadr7347]

thanks a lot for the nice video, it is very helpful kindly i need to ask two questions in control budget: 1- is it possible to set the tolerance in negative, i need the warning of budget when it reaches 80% of the expense 2- is it possible set the control budget of expense accounts according to value of revenue account business requirement: prevent some expenses if the revenue value less than 60%

[@vikashandaqviksoftoraclefusion]

mohamed badr Thanks for asking really good and practical questions. For q1, I do not think it will work because tolerance will come into picture only when you are exceeding Budget.

[@vikashandaqviksoftoraclefusion]

mohamed badr For q2, though the requirement is genuine but implementing it will be a challenge. Even if it is possible to set like that, you may sell something and based on revenue incurr expense. What if you reverse that sale later? You may not be able to reverse expense always. Important thing to remember is that budgeting is forecast and done much earlier. When budgeting then you can set you budget numbers based on the revenue forecast.

[@mohamedbadr7347]

Vikas Handa QVIKSOFT Oracle Fusion Training The revenue forecast is coming from PPM According to the awarded and based line projects We need to control expenses if the budget amount of revenue accounts is some certain value?

[@mohamedbadr7347]

Vikas Handa QVIKSOFT Oracle Fusion Training Thanks a lot for your reply I found only one video for budgetary control, is there any other video for budgetary control? Especially if we define PPM as budget source Thanks

[@parvezachhwa]

Excellent tutor - My suggestion to improve the quality of your video... otherwise excellent content

[@RaC09]

great!

[@amazingshorts1747]

Hello, How can the consumption value be controlled so as not to exceed the permissible value per month or at the level of the year in order to avoid the Funds available negative balance?

[@vikashanda6599]

You can implement budgetary control as Absolute to restrict user from exceeding the budget amount.

[@KumR]

Very good Vikas. Just one thing. U have defined controls. But how do we see it being used . Does it give an alert when budget is absolute?

[@vikashandaqviksoftoraclefusion]

For both absolute and advisory, system will show alert if you exceed Budget. In case of advisory, it is warning so you can still proceed but for absolute, you cannot continue if there is not enough Budget.

[@KumR]

@@vikashandaqviksoftoraclefusion - Thanks Vikas. This happens when we create requisitions and do fund checking ?

[@vikashandaqviksoftoraclefusion]

@@KumR You can specify when to do the budget checking whether at the time of requisition submission or approval stage.

[@ramaswamyvkrishnamurti7915]

This is a nice video. I have one doubt. I defined a Control Budget like you defined, I gave specific values in Supplemental Rules, but the Funds Check is checking the budget for all the account combinations in the transaction. In your video for example, eventhough you have loaded the Budget for a specific combination, if you create a journal for another unrelated expense combination, the funds check will check for that combination referencing your budget. How to control it?

[@vikashandaqviksoftoraclefusion]

Hi, Funds checking will happen for all the accounts. For those accounts, where it is not required, it will always pass.

[@ams2170]

thank you ,,, helpful

[@supershanti123]

Thanks a lot. Very good. Please let me know the navigation and how to open a Budget date for a month. Thanks in advance

[@vikashandaqviksoftoraclefusion]

Under Budgetary control role, go to Tasks and choose, Budget Period Status. From the screen, click the ledger for which you want to open the period.

[@eswarv936]

Unable to see the control budgets in lov "Review Budgetary Control Balances" ?

[@vikashandaqviksoftoraclefusion]

Is your issue resolved?

[@eswarv936]

@@vikashandaqviksoftoraclefusion not yet

[@arindamchakraborty4496]

Hi Vishal, can we do the budget at the Parent level? Like in EBS with help of the Summary Template we can maintain Parent level budgeting. Is the same possible in Cloud?

[@vikashandaqviksoftoraclefusion]

Yes, you can do that. In Fusion that is done using Tree levels while defining the budgets.

[@priyanksinghchauhan5806]

Thanks a lot sir, really helpful. But i can't see any options or any ledgers in the 'manage control budgets' section, can you please help?

[@cmouli2605]

Select Financials from Dropdown

[@rounaqzameer9075]

How to update budget manager

[@sahidislam6576]

Can I follow the same process while uploading through FBDI?

[@vikashandaqviksoftoraclefusion]

Sahid Islam Budgeting process remains same

[@ramaswamyvkrishnamurti7915]

Audio is poor, video quality is very good.

[@vikashandaqviksoftoraclefusion]

Ramaswamy V Krishnamurti , thanks for your feedback. We are working on improving the audio quality.

[@SoulQuestlife]

There is no budgetary control role. Now there is budgetary analyst role.

[@ashokkopparthi5405]

Pls make one cls of mass allocation in gl