index » » Kingdee ERP » Kingdee K/3 Product Subsystems » Finance

Finance

Contact

news

Capital Budget

Overview

Kingdee K/3 Capital Budget module is designed for financial staff who manage capital flow budgets. It is used to maintain budgets for cash inflow and outflow such as sales collection, other collection, financing cost payments, debt repayment, purchase payments and other payments. It is completely integrated with Expense Management, AR, AP and Cash Management modules and thus provides real-time control over capital flow.

It is inter-linked with the Budget Management module, allowing users to query the differences between the budget plan results in this module against the plan results in the Budget Management module. This helps the enterprise schedule the planned income and expenses more accurately.

Along with Expense Management, Online Reimbursement, Business Budget, AR, AP, Cash Management, Budget Management and Business Intelligence modules, Capital Budget provides a comprehensive budget management solution.

 Business Workflow

 

Functions

 Budget Scheme Settings

Budget scheme management allows users to setup detailed cross-period budget schemes. The scheme period is maintained in days and there are multiple control options for the budget scheme execution. Based on the scheme that is enabled and the scheme period and its control policy, the system automatically controls business functions of each department as per the defined budget policies.

 Budget Control Platform

The Budget Control Platform allows users to set control policies for the purchase payment budget, expense payment budget, and other payment budgets. It also places controls on creation and approval of  Payment Requisition, Expense Reimbursement, Expense (Loan) Requisition, Payment Note, and Prepayment Note. There are four budget control modes; No Limit, Prompt, Password and Strict Control. This allows enterprises greater business control based on established budgets, while at the same time the flexibility to modify the control based on real-world situations.

 

Budget Authorization Management

The Budget Authorization Management function provides comprehensive user-rights management for Capital Budgets. Through this function, budget master data access rights, budget approval rights, report query rights and multi-level budget approvals can be setup. Strong user-rights control enhances data security and protects the enterprise’s privacy.

 Sales Collection Budget

The Sales Collection Budget enables users to budget sales cash inflow by either manually creating a sales collection budget or by generating it based on Sales Budget data, sales order data and sales invoice data. The Sales Collection Budget maintains details of customers, products, quantities, unit prices and collection methods, creating a comprehensive information system to improve sales collection forecasting and reasonably schedule capital inflow.

 Other Collection Budgets

Other collections can be budgeted in the Capital Budget module by either manually creating an Other Collection budget, or by generating it based on the Other Revenue budget from the Business Budgets module. Other Collection budgets help enterprises reasonably predict capital inflows through other income sources.

 Purchase Payment Budget

The Purchase Payment Budget can be either created manually or be generated based on the Purchase Budget data, purchase order data and purchase invoice data. The Purchase Budget maintains details of suppliers, products, quantities, unit prices and payment methods and provides enterprises with better information to forecast capital outflow more accurately.

 

Expense Payment Budget

Expense payments can be budgeted in the system by either creating an Expense Budget manually, or by generating it by using the Administrative Expense Budget, Salary Expense Budget, Overhead Budget, Sales Expense Budget, Financial Expense Budget and the Investment Budget. The expense budget can maintain details such as expense items, departments, business representatives, settlement method, estimated payment date, etc., providing a comprehensive solution for enterprises to better forecast expense payments.

 Other Payment Budgets

Other payments can be budgeted in the Capital Budget module by either manually creating an Other Payments budget, or by generating it from the Expense Budget. Other Payments budgets help enterprises reasonably predict capital outflows that may occur through other expenses.

 Debt Repayment Budget

Debt Repayment budgets created in the Capital Budget module can maintain debt information such as debt category, debt source, amount due, warrant method and repayment method. The budget can help enterprises have better control over how to optimally structure their debt payments, to reduce cash outflow risks.

 

Financing Budget

The Financing Budget can be either manually created or generated from a Debt Repayment Budget. The Financing Budget can maintain information on the financial facilities acquired, financial institution name, finance quota, finance mode and end date of financing. This helps enterprises better analyze their finance structure and to forecast finance payments.

 Budget Analysis

The Capital Budget module has several capital budget analysis reports such as, Capital Revenue/Expenditure Budget Report, Sales Collection Budget Execution Analysis, Purchase Payment Budget Execution Analysis, Expense Payment Budget Execution Analysis, and Cross-period Payment Budget Execution Analysis. These analysis reports help compare between actual data and the approved budget amounts, to analyze the variance and reasons for variance, based on parameters such as, department, business representative, customer, supplier and expense item.

 Budget Check

Through the Budget Check function, users can easily compare the Capital Budgets against data from the Budget Management module. This ensures that enterprises have better control over their short-term and long-term budget goals.