The most common business entity to associate financial information to is the cost
The example above showed how cost centers can be allocated expenses based on service usage.
This example will use that information to compare with a defined budget for the cost centers.
A budget is a placeholder for an amount of planned spending for one or more cost centers. To
view an example, navigate to Investments
and select the
This budget has a defined start and end date, planned amount, and actual amount. In the
Cost Center related list, Trading is a member.
For all expense allocations assigned to the Trading cost center during
the budget time periods, the allocations will be totaled to populate the actual budget field. The
related expense allocation records can also be viewed in the Expense
Allocations related list.