Create a budget target

A budget target is an estimated amount of money for a specific fiscal period and budget key combination for operating and capital expenses. Use budget targets to set up a financial goal for a budget plan.

Before you begin

Role required: budget_admin, budget_analyst, budget_owner

Procedure

  1. Navigate to Financial Planning > Budget Planning > Budget Targets.
  2. Fill in the form fields (see table).
  3. Click Submit.
    Figure 1. A budget target
    A budget target
    Table 1. Budget Target form fields
    Field Description
    Operating Target The target amount for operating expenses.
    Capital Target The amount of the target in the currency being used.
    Budget Key The budget key to which this target applies. Select a key.
    Currency The currency in use.
    Fiscal period The fiscal period year to which this target applies. Select a fiscal period.
    The target amount also appears on the Review tab of the Budget Console. You can edit the amount through the console.