Overview

Kingdee K/3 Business Budget module is designed for budget department staff who handle business related budgets. The module includes functions such as, plan, control and analysis of Sales Budget, Manufacturing Budget, Purchase Budget and Cost & Inventory Budget. Through the Business Budget module users can query the difference between the budget plan results in this module against the plan results in the Budget Management module.

The Sales Budget is the basis for automatic generation of Manufacturing Budget, Purchase Budget and Cost Budget, through MRP calculation. This ensures that overall business budgets are based on market trends, which is important for both made-to-order and made-to-stock businesses. The Business Budget module helps enterprises break down the overall strategic objective into specific budgets for manufacturing, procurement and sales, making it easier to optimally use enterprise resources. 

The module is seamlessly integrated with Sales Management, Material Requirements Planning, Purchase Management, Expense Budget, Capital Budget, Budget Management, Business Intelligence Analysis, and other management modules to provide more complete and comprehensive budget management solutions.

 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 Sales and Purchase budgets. It places controls on creation and approval of sales and purchase orders, based on order amount, quantity, department, business representative, materials, customers and suppliers. 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 Business 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 Budget Management

The Sales Budget function enables users to budget sales expenses and manually create a sales budget or generate one through the Sales Details Plan in the Sales Management module. The Sales Budget maintains details of customers, products, quantities, unit prices and collection methods. The Sales Orders are automatically controlled based on the budget, ensuring that enterprises can break-down sales tasks based on strategic objectives, and create optimal sales plans for individual sales departments/salesmen.

Other Revenue Budgets

Other revenues can be budgeted through the Business Budget module. It helps for improved planning of other revenues and allows users to manually add other revenue budget documents and record forecast revenues, receipt modes and receipt dates. This ensures that enterprises have better forecasting capabilities for other revenues ensuring they have better control over their income.

 Manufacturing Budget

The Manufacturing Budget ensures better production planning as it helps forecast production requirements based on the Sales Details Plan. Material not included in the BOM Forecast can be added manually to the manufacturing budget through a material consumption budget, ensuring comprehensive material and production planning.

 Purchase Budget Management

The Purchase Budget function allows users to either manually create Purchase Budgets or to generate them from Planned Orders issued through the Material Requirement Planning (MRP) module or from Purchase Requisitions in the Purchase module.

The Purchase Budget maintains details of suppliers, products, quantities, unit prices and payment methods. The Purchase Orders are automatically controlled based on the budget, ensuring that enterprises can improve purchase efficiency and create optimal purchase plans for individual purchase departments/purchase officers.

Cost and Inventory Budgets

Users can plan and create Beginning Inventory and Receipts (current period) Budgets, Service Consumption Budget and Closing Inventory Budgets. These budgets can be either created manually or generated from other business modules and the Expense Budget. The Business Budget module can also automatically calculate and generate the Product Cost Budgets and Sales Cost Budgets based on several parameters, thus providing better forecasting and control for inventory and operational costs.

 Budget Analysis

There are analysis reports to analyze Sales, Purchase, Manufacturing and Cost budgets against actual data. These reports can be filtered based on parameters such as customers, suppliers, department, staff, etc., which helps enterprises monitor budget activities at various levels.

 Budget Check

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