Introduction
Your organization wants to maintain strict financial control over your operations while also aligning your spending with your strategic goals. As the new fiscal year approaches, your organization starts to plan its budget. It needs to allocate funds appropriately across departments, projects, and cost centers. By using basic budgeting in Microsoft Dynamics 365 Finance, your organization can create detailed budgets for each department, project, and cost center. Additionally, it can define budget parameters and models that allow the correct allocation of funds based on revenue projections and anticipated expenses.
Basic budgeting includes defining financial dimensions for budgeting, budget register entries, and budgeting workflows. This module explains budgeting methodologies and how to set up basic budgeting, budget register workflows, and more.