Budget Wand is a tool that allows Excel to be used as the front end to the Oracle General Ledger Budgeting process.

Budget models are Excel workbooks that typically contain a mixture of Actual and Budgets values, formulae and formatting as well as cells for entering new budget values.

Actual and Budget values are reported using GL Wand's Get Balance functions and entry cells are linked by the Load Budget function. Budget Wand together with Excel enables flexible user defined layouts containing any combination of Actual, Budget, Periods and Books as required.

Budget collection templates are built around the Load Budget Function, which allows one to link budget entry cells to a particular budget and account. Once values have been entered they can be submitted for Validation and Upload.

Note: Budget Wand is a cost plus option for GL Wand users. Please see the Budget Wand datasheet for a functional overview.