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Budget Preparation and Maintenance
Budget Preparation and Maintenance
The General Ledger module supports the preparation and maintenance of multiple budgets for multiple budget years. This facilitates preparing a budget for a later year before closing the current year. Within each year, multiple different sets of budget amounts can be maintained. Each set of budget amounts within a budget year is called a budget sequence. Multiple budget sequences within a budget year are used to prepare and report against revised and forecast budgets without destroying the original budget or plan for the year.
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