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 to add a finance hierarchy member to an entity hierarchy?
- 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: In Segment Properties, you can map Finance hierarchies members to the Budget Entity. For each configured Finance dimension (such as Company, Department, or Cost Center), a corresponding Finance hierarchy member can be selected.
Example:Assume the Budget Entity is configured with the Company and Department Finance dimensions:
For the Company Finance dimension, which has multiple members (for example, US, EMEA, APAC), you can select a desired member such as US.
Similarly, for the Department Finance dimension, which also has multiple members (for example, Sales, Marketing, Finance), you can select a desired member such as Sales.
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.
The Finance Hierarchies dimensions that appear in Segment Properties are determined by the configuration defined in Configuration Tasks > Define Financial Budget Entity.
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.