You are setting up the yearly budget for an organization for the year 2019
You need to set up the budget register entries.
Which two fields must be set up when creating register entries? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Click on the arrows to vote for the correct answer
A. B. C. D.CD.
https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/basic-budgeting-overview-configurationWhen setting up the yearly budget for an organization, the budget register entries are used to record the planned amounts for each account that is included in the budget. When creating these budget register entries, it is important to ensure that certain fields are set up correctly. Specifically, the two fields that must be set up are the budget cycle and the budget code.
Budget Cycle: The budget cycle refers to the period of time for which the budget is being set. This is typically a calendar year, although it can also be a fiscal year or another defined period of time. When creating budget register entries, it is important to ensure that the correct budget cycle is selected so that the planned amounts are recorded against the correct period.
Budget Code: The budget code refers to the specific account or accounts that the budget is being set for. For example, if the organization has an account for salaries and wages, a budget code would be created for that account. When creating budget register entries, it is important to ensure that the correct budget code is selected so that the planned amounts are recorded against the correct account.
In addition to the budget cycle and budget code, other fields may also need to be set up depending on the organization's specific requirements. For example, the budget model may need to be set up if the organization has multiple budget scenarios that need to be compared. The budget manager may also need to be set up if there is a designated individual who is responsible for managing the budget process.