Budget Overview

Budget Overview is a feature in NUFinancials that allows you to get real-time information about a chart string. A Cognos GL005 is also useful but both have advantages and disadvantages. Instructions on using Budget Overview can be found in myHR Learn. Find training videos on finance training, budgeting and forecasting on Sharepoint (NetID required).

Budget Overview

Pros

Real-time data
Drill down into budget, actual and encumbrance transactions without running another report
Not a report, runs instantly
Can customize what you see and how it appears
Can run for control balance
Can use for sponsored projects

Cons

Not as visually appealing as the GL005
Cannot be configured to be emailed to someone else

GL005

Pros

Better organized and easier to read
Can be structured to run at any interval and emailed to user or anyone else

Cons

Data is always a day old
Can only drill into HTML version, then it runs an entire GL008

When viewing Budget Overview in NUFinancials, to get revenue and expense on the same budget overview search use:

Ledger Group/set – Ledger Inquiry Set
Ledger Inquiry Set – Test 1
Type of Calendar – Detail budget period

At this point, you may want to use the Personalize option to order/delete columns and sort by accounts.