Define Position Budget Structures

Create a fiscal schedule, posting intervals, and fiscal year for the company for position budgets.

Create an account set for the company for position budgets.

Establish the dimensions used for the position budget.

To enable only certain members to select ledger account summaries in position budgets, define specific members of the ledger account summary for the account set.

You can create or update the structure of a position budget and implement position control for your organization or company. This structure specifies the filtering dimensions and other factors that define your position budgets. A company can have only 1 budget template per structure.

Access 1 of these tasks:

Create Plan Structure

Edit Plan Structure

Select

Position

as the

Plan Type

If you edit a budget structure that's in use, you can only change:

The name.

Structured dimension with values not in use on budget or budget lines for the structure.

Primary worktags.

Select the corresponding

Schedule

, and select an annual fiscal summary from the

Summary Schedule

prompt.

An annual fiscal summary combines all periods in the annual position budget. Because position budgets require approval, Workday automatically enables the

Use Amendments/Approval

option. This ensures that the business process requires position budget approvals.

Select the

Account Set

for the fiscal schedule you selected.

Define

Structured Dimensions

to filter budget criteria, and associate the dimension types (such as Business Unit, Cost Center, Fund, Grant, Pay Component, Position Restriction, Program, Project, or Region) to the members.

Select 1 structured dimension as the

Organizing Dimension Type

for position budgets. Example: Select the

Pay Component

dimension include Deduction: Fringe Benefit Commitment, and Earning: Base Pay - 12 Months for specific members.

Select the dimension and require it for entry on each budget line. If you select the dimension as the

Organizing Dimension Type

, you must require entry of the dimension.

To associate positions to the budget structure, define the job family membership.

The budget structure is available for creating a position budget.

Create a budget template that associates the budget structure and company to use for the position budget.

Create Plans or Budgets