Budget Income Statement Displays Budget for an Account when No Budget is Created on Setup Budget

 

If users see a budget amount for a particular account on Budget Income Statement and sees no budget created for the same account on Set Up Budget > List, consider that the budget may have been created prior to enabling Accounting Periods feature.


To verify, perform the following:

1. Navigate to Reports > Banking/ Budgeting > Budget Income Statement > Detail > Customize Summary.
2. Click Edit Column.
3. On Add Fields portlet and Budget Folder, add Fiscal Year and Year.
4. Click Preview.

Notice that the Fiscal Year column is blank and Year column has values, this is because the budget was created prior to enabling and creating Accounting Periods.

User can use the Year column as basis which accounts were related to the created budget since there is no option to unmark the Accounting Period in Setup > Company > Enable Features > Accounting tab and Basic Features.