Friday Feature - Reversing Budget Line Items
As you noticed, it is budgeting time again, and the Friday Feature is going to give you lots of tips and tricks for this tricky time of year. As State and Federal budgets change, funding at the line item level can become a matter of adding and removing line items. Of course, Escape Online creates history records, but there is another, easier, way of tracking the now-you-see-it-now-you-don't funding.
The Reverse task in budget line items is a great trick to get this done quick and easy.
For example, let's say that you have no funding for teacher support, and then you do, and then you don't again. (You know what I am talking about!) You could create different models, but if this is your only challenge then you can handle it all at the line item level, like the example shown below!
Now, the budgeter extraordinaire could have entered all line items manually, but the last one was really a no-brainer. She just wanted to reverse it, not delete it. She wanted to show the detail to keep an immediate and visual record of her due diligence.
So, after the funding appeared and disappeared, she used the Reverse task as highlighted above. Not only does this task copy the line item and reverse the amounts, including benefits, it also writes a history record.
But that trick is just the tip of the iceberg. Stay tuned as we spend the next few weeks talking about budgets!