Overview: The Close Budget sub-module allows operations managers to lock in budgets for a selected period to prevent accidental or unauthorized changes. By closing budgets after review and validation, financial data integrity is ensured, and transparency in financial management is maintained.
Start from: The Analytics dashboard.
Accessing the budget closure module
Navigate to Financial Statements > Close budgets.
A table will display all registered budgets along with their details. The table consists of the following columns:
Budget: Displays the name and purpose of the budget.
Business Unit: Identifies the associated business unit.
Year: Specifies the year of the budget.
Month: Indicates the applicable month.
Status: Shows whether the budget is Open or Closed.
Closed by: Identifies the user who locked the budget (only visible if closed).
Open or Close Budget: An interactive toggle allows switching the budget status.
Closing a budget
Locate the budget you want to close. You can use the Filter or Filter by Business Unit to narrow down the search.
Select the toggle in the last column to change the status to Closed.
The Closed by column will now display your name and the date of the closure.
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Closing multiple budgets at once
Select the Close all button at the top of the table.
All budgets in the list will be locked simultaneously.
Reopening a budget
Select the toggle to open an individual budget.
If necessary, select the Open all button to revert the closure.
The budget(s) will return to an editable state.