Steps to Calculate BudgetThe Calculate Budget option in Negotiations is used to create a budget batch for a selected package. The Calculate Budget option completes a detailed calculation for all the payrolls for the entire year, using the salary amounts for the specified package and the deductions defined for each employee. With the Calculate Budget option, the total salary and benefits for each line item for the package are added as entries in a budget batch, using the Budgets option in General Ledger (or also accessed under the Options menu in Negotiations). Once the calculation is complete, the budget batch created for the package can be edited and posted.
Note: The Calculate Budget option updates the amounts on the Benefit Totals table.