Normally, not every big company is using this functionality , but some mid range to small company extensively utilizing this functionality.
Oracle GL provides with a variety of tools to create, maintain and track your budgets, including the ability to upload budget amounts from an Excel spreadsheet. We can
- Create an unlimited no of budgets or forecasts
- Control user access to budgets
- Create budget organizations to mirror the various levels of your company's organization and to control user access to the budget information.
- We can structure the budget into an unlimited no of levels.
- Within product we can create master-detail budgets
these are the some of the important features of Oracle GL budget. Next I will discuss the life cycle of Budget accounting cycle....[ ]