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How does the Budget Month (BM) relate to the effective date?

April 26, 2017BM budget effective month relate

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How does the Budget Month (BM) relate to the effective date?

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The Budget Month is a sequential number starting with the beginning of the fiscal year. Each month of the fiscal year is associated to a budget month. Ex. October = Budget Month 01. Once the month has closed, the system defaults the budget month to current open month. Ex. The Effective date entered on the Detail Line is January 1, 2003, but the current open month is April, the Budget Month is 07.