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Documentation > MAC-PAC Reference Library > Financials > General Ledger > Key Concepts and Procedures > 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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