All About NAV Budgets Tammy Rempfer Client Account Manager Sikich LLP

@NAVUG Creation of Budgets  Manually  Copy prior year budget  Copy actual GL values  Create +/- adjustment factor on copied values  Export to Excel for data entry or modification and import back into NAV (accumulate or replace)

@NAVUG Dimensionality  2 Global dimensions  Up to 4 additional shortcut Dimensions  Project dimension can be used to compare Actual to Budget for specific tasks, campaigns, etc.  Export to Excel allows for creation by each dimension

@NAVUG Audit Trail  Use Description field to trace when entries created  Create a Master Budget  Copy from this Master Budget for modifications and forecasts  Record separate line entries for modifications to better track changes

@NAVUG Creation of Budget Manually  Create descriptive name  Show as Lines: “G/L Account”  Show as Columns: “Period”  Filters:  Date Filter: Budget period  G/L Account Filter: Range of accounts for budgeting (generally income statement accounts)  Set view for monthly time frame  Manually enter amounts by month within budget entries window  Create Budget: “Amount by Period”  Allocates same amount across all the months  Set necessary filters

@NAVUG Creation of Budget by Copying  Create Budget: “From History”  Used for individual account copy  Set necessary filters  Set percentage change, if needed  Copy Budget  Source: Actual or Budget  Choose G/L account range to copy  Choose needed adjustment factor

@NAVUG Creation of Budget using Excel  Export to Excel  Set needed filters  Start Date: budget date range  No. of Periods: 12 (generally)  Period Length: 1M (generally)  Flag to include totaling formulas for crosscheck  Modify as needed by using standard Excel functionality for copying/pasting (do not change template layout)  Import: use detailed description for future review of values and when created

@NAVUG Adding Dimensions  Manually  Display appropriate dimension column, set value as needed  Copy  Choose appropriate dimension values as needed from Options tab  Export to Excel  Create new worksheet for each Dimension Value (i.e., if departments are ADM, SALES, and PROD will have 3 separate worksheets, one for each department)

@NAVUG Reporting  Account Schedules  Trial Balance/Budget  Export to Excel