Submitting, reviewing, and approving budgets

Financial and payroll budgets can be part of a defined planning process, which is a set of steps for budgets to progress through during a planning cycle. For example, you may have a basic process with two stages: one for managers to develop the budgets, and one for the Finance department to review and approve them. Or you may have a multi-step plan that includes several passes of budget development, and multiple levels of review.

For each defined step of the process, each budget has a designated owner. When the budget is in a step, that owner has a "task" to perform one of the following actions:

• Edit the budget and then submit it to the next step.

  OR

• Review the budget and then approve it or reject it.

If you are assigned a process task, it is your responsibility to complete the task by the specified due date. You can view and complete your current process tasks, and you can view the progression of your budgets in the process.

You can view and complete your current process tasks by clicking the Submit for Review link in the budget.

After clicking Submit for Review, the Planning Process Management (for financial planning budgets) or the Payroll Processing Management (for payroll budgets) page opens in a new browser window. For more information on processing budgets, see Managing your budget process tasks.

If you are an Axiom administrator and want more information on setting up budget processes in Axiom, see Plan file processes.