USL Financials Budget Preparation solution supports your need to decentralize budget development activities and automate the budget submission process. We deliver a secure and fully integrated tool that provides your users with the baseline budget developed by your administrative office, and then give them the tools that allow them to modify the base budget, create scenarios, and add important justification comments.
USL Financials Budget Preparation module enables you to manage your entire budget lifecycle by offering a budget preparation and monitoring tool that provides real time access to budget information. This solution provides the Budget Managers with the ability to distribute, review, modify, redistribute and approve and post within a secure and integrated environment. The budget administrator can define multiple budget plans, track the progress and status simultaneously. Budget preparers and approvers can create different what-if versions until they select one to submit for approval and/or posting. Approved budgets are seamlessly posted to the General ledger.
The General Journal supports automatic reversal for accrual entries, and an unlimited number of journal entries. Each entry is marked for sub-ledger source. Detailed notes can be added and updated as necessary.