Configuring Budgeting

Budgeting is used for preparing periodic and annual budgets for revenues, volumes, labor costs, and all other expense items. It also predicts business volumes and calculates labor and expense requirements for periodic forecasts or annual periods. Budgeting uses established cost standards to develop labor and expense projections, which are linked directly to key business indicators (KBIs) such as occupied rooms, covers, and revenue dollars.

For more information on a specific configuration topic, click on a link below:

• Brands & Regions
• Chart of Accounts
• Currency Factors
• Financial Periods
• KBIs
• KBI Distribution
• Labor Structure
• Line Config Sets
• Profit History Types
• Profit Inventories
• Property
• Revenue Centers
• Standard Sets
• Units
• Vendors