The main hierarchy of budgets, funds and ledgers Fiscal years, Ledgers, Funds and Groups in Finance is as follows:
- Budgets are money for a particular financial year within a fund
- Budgets belong to funds
- Funds belong to ledgers.
- Ledgers will have multiple fiscal years
Funds can be assigned to Groups, and Groups work across Ledgers. So a Group can bring together information from funds across ledgers, and you can view summaries/totals for a fund group (across ledgers)
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