| Table of Contents |
|---|
...
| Note | ||
|---|---|---|
| ||
When entering Adjustments the amount entered should be what the user would like the new Expendable amount to be on the account. The system will calculate the difference between the initial amount and the entered amount and then create an adjustment for the difference. For Example, if the Initial Budget was 500.00 but the new Expendable amount should be 0.00, then the Adjustment entered in the Proposed Amounts grid should be 0.00. When applied, the Adjustment on the account will be -500.00. |
Upload Budgeting Spreadsheets into the scenario
...
Choose 'Adjustment' which will adjust the existing expendable amounts via additions/deductions for the fiscal year selected. The initial figures are not touched. The 'Update the GAAP Original Estimate' amounts box defaults to being unchecked but you have the option to check it if a GAAP adjustment should also be created.is not checked by default but is available to check if the adjustments should apply to the GAAP Original Estimated amounts.
- Effective Date: When selecting Adjustment transactions type, it will default to 7/1/18. You will need to change the effective date to the posting period you want the adjustments to be reflected in. For example, if you are posting adjustments that you want reflected in the June posting period, you need to enter a June datedate must be manually entered. Adjustments will be included in the MTD Expendable and Receivable amounts based on the date entered.
Click on 'Apply' to proceed with applying the adjusted figures. These will now become the new expendable or receivable figures and the differences between the 'old' and 'new' amounts will appear in the FYTD adjustments as positive or negative figures.