Budgeting in cost accounting resembles budgeting in the general ledger. A cost budget is created based on cost types just as a budget for the general ledger is created based on general ledger accounts.
A cost budget is created for a certain period of time, for example, a fiscal year. You can create as many cost budgets as needed. You can create a new cost budget manually, or by importing a cost budget, or by copying an existing cost budget as the budget base.
The following table describes a sequence of tasks to manage cost budgets, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.
| To | See |
|---|---|
Transfer budgets from the general ledger. | |
Copy cost budgets. | |
Allocate budgets. | |
See cost budget registers and cost budget entries. | |
Print cost budget comparisons using various reports. |