Thank you for your feedback.
Form temporarily unavailable. Please try again or contact to submit your comments.
  • Madrid
  • London
  • Kingston
  • Jakarta
  • Istanbul
  • Helsinki
  • Geneva
  • Store

Create a budget model

Log in to subscribe to topics and get notified when content changes.

Create a budget model

Create a budget model that can be used by cost allocations and budgets.

Before you begin

Role required: budget_admin

About this task

When you are creating a budget model, select segments in a hierarchy and then generate a budget key for the model.


  1. Navigate to Financial Planning > Administration > Budget Model.
  2. Click New.
  3. Fill out the fields on the Financial Model form (see table).
  4. Right-click the header and select Save.
    Table 1. Budget Model form fields
    Field Description
    Name A descriptive name for the model.
    Data Source The source of the financial data. Use the General Ledger Staged source. Only use the Cost Plan Breakdown if you activate and use the Project Portfolio Suite with Financials (com.snc.financial_planning_pmo) plugin. Portfolio actuals do not come from the staged general ledger. They are located in cost plan breakdowns in the Project Portfolio Suite.
    Model Owner The user who owns the model.
    Used by Cost Allocation If the model can be used by cost models. You can select this option if you also want the budget model to be used as a cost model.
    Used by Budgeting If the model can be used by budgets. Select this option.
    Description A detailed description for the model.
    Important budget model actions
    Generate Budget Keys Creates budget keys based on the segment relationships.
    Generate Actuals Creates financial actuals in the Budget actuals table [itfm_gl_actuals], which the budget console and the budget variance report use.
    Related list
    Segment Relationships The relationships between the segments associated with this budget model. The segments are used when you generate budget keys for the model. Create segments relationships as necessary.

What to do next

Generate a budget key for this model, and then generate actuals when you want to use the budget console.