How to Add a New Budget Entity?
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How to Add a New Budget Entity?
- 2 Minutes to read
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Article Summary
This article explains how to add a new Budget Entity in Planful by creating a leaf or rollup node in the Entity Hierarchy. It outlines how to define node type, assign member code, name, and currency, and select relevant segment properties such as department or division. To add a new budget entity, navigate to Maintenance → Hierarchy → Hierarchy Management → Entity Hierarchy. Once saved, the entity appears in the Planning Control Panel and requires appropriate approval role access for user visibility.
eddy_keywords: add budget entity, new budget entity, entity hierarchy, add new location, add new department, create business unit, budget entity setup, add rollup node, add leaf node, entity properties, segment properties, member code, planning control panel, approval role access, navigate to entity hierarchy, access hierarchy management
eddy_intent: How-to
eddy_questions:
- How do I add a new budget entity in Planful?
- How can I create a new location or department for budgeting?
- Where do you add new locations in Planful?
- How do I add a leaf or rollup node to the Entity Hierarchy?
- How do I make a new entity available in the Planning Control Panel?
- Why can’t I see my new entity after adding it?
eddy_synonyms:
entity = business unit, department, location
add = create, insert, define
hierarchy = structure, tree, setup
properties = attributes, configuration
To make a new department, division, or other segment member available for budgeting in the Planning Control Panel, the segment member must be created as a budget entity. Complete the following steps.
Navigate to Maintenance > Hierarchy > Hierarchy Management and select Entity Hierarchy for Type.
Click Apply Selection.
Click Add within the area of the hierarchy where you want to add the entity.
In the popup,
For Node Type, select Rollup Node or Leaf Node.
For Node Sub Type, select the desired type form the drop-down.
Click Add.
In the New Member Properties pane,
Default Properties: Enter the Member Code, Member Name, and the Currency.
Segment Properties: Select the relevant segment members for the segments that make up your Budget Entity (e.g. Company/Department, Company/Location/Division).
Notes:
Currency in the Default Properties is applicable only to Leaf Node.
Segment Properties are applicable only to Leaf Node - Node Type.
The relevant budget entity member must be added to the Finance Hierarchy dimension before it can be used to create a budget entity member.
Click OK and click Save. The new entity is added. The new entity is also shown in the Planning Control Panel.
Approval Role Access must be provided so that users can access entities in the Planning Control Panel.
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