Recalculating the budget in the Adjust Hours and Rates screen

Recalculating the budget recalculates the working dataset that you selected on either the Budgeting Dashboard or the Budget Tree screens. Recalculation is necessary whenever configuration changes are made to the following:      

  • Labor Standards      

  • KBI Configurations      

  • Forecast Volumes

Note: Although budget recalculation is typically performed on the Budget Tree screen, for convenience you can also recalculate on the Adjust Hours and Rates screen.

To recalculate the budget:

  1. In the upper-left corner of the screen, select Access your applications ( main menu icon ).
    The menu expands.

  2. Select Financial > Budgeting.
    The Budgeting Dashboard screen appears.

  1. In the Budgeting menu pane, select Adjust Hours and Rates (icon).
    The Adjust Hours and Rates screen appears.

  1. From the Tools drop-down list, select Re-Calculate Budget.
    The Re-Calculate dialog box appears.

  2. Complete the fields as necessary.

    Re-Calculate dialog box

    Fields on the Re-Calculate dialog box

    Field Description Notes

    Re-Calculate Labor

    Select to recalculate labor in the budget.

    Default: Selected.

    Division

    Select the division to include in the recalculation.

    This field is available only if Re-Calculate Labor is selected.

    Department

    Select the department to include in the recalculation.

    This field is available only if:

    • Re-Calculate Labor is selected.

    • A Division is selected.

    Job

    Select the job to include in the recalculation.

    This field is available only if:

    • Re-Calculate Labor is selected.

    • A Division is selected.

    • A Department is selected.

    Standard Set

    Select the configured standard set to include in the recalculation.

    Standard sets reflect the job standards that are associated with a job. You might have only one standard set (Master), or you might have several standard sets that are created when working with "What if..." scenarios.

    If Can Use For Projected Hours is off, the standard set is not available. For more information, see Standard Sets.

    Re-Calculate All Periods

    Select to recalculate for all financial periods.

    Re-calculate all periods rather than designating a Start Period and an End Period.

    Default: Selected.

    Start Period

    Start period of the recalculation time frame.

    This field is available only if Re-Calculate All Periods is selected.

    End Period

    End period of the recalculation time frame.

    This field is available only if Re-Calculate All Periods is selected.

    Recalculate KBIs

    Select to include KBIs in the recalculation.

    Default: Selected.

    Cancel

    		 Closes the dialog box without applying your changes.

    OK

    		 Applies your changes and closes the dialog box.

  3. Select OK.