Budget master creation in Retail POS Accounts

Budget master is used to create a budget for the specific ledgers for specific period.

Business rules

• There should be the menu called budget master under master module in accounts.
• User should open that budget master screen to create a budget for ledgers.
• In budget creation master, user should enter budget name.
• Then user will select budget specification (monthly,yearly,weekly,daily) based on the user requirements.
• Then user should select budget period (from and end date),
• Budget type (don’t allow transaction budget exceed, approval needed, allow).
• After that user will select the ledger names for budget entry.
• After selecting the ledgers user will enter budget amount for each ledger.
• Finally user will save budget for the ledger by pressing the function key called “save”.
• Every time the budget amount is exceeded, system will work based on budget type for the specific ledgers
• If the approval needed option is selected in budget type, when the budget amount is exceeded, the approval request will be listed in the approval pending menu in accounts.
• User will open approval pending screen and find the budget exceeded ledger and amount details, then user will select single of multiple ledgers by using the space bar and then update the approval using the function key “save”.