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University Budget Office

PeopleSoft Budgeting Information

PeopleSoft is the financial system that Towson University utilizes for budget, accounting, accounts payable and procurement.  PeopleSoft  provides online, up-to-the-minute access to your data.  The system can be accessed from anywhere the internet is available. The PeopleSoft Financials Budgeting and Chart of Accounts book will assist users in working with budgets, running reports, and all other PeopleSoft Financials functionality.

• PeopleSoft 9.1 Financials Budgeting and Chart of Accounts

PeopleSoft budgets are loaded at the "child," or PeopleSoft account, level. Child budgets are then rolled up to a parent level, which is where budget checking occurs.    Budgets are never loaded directly to a parent, and are thus never transferred out of—or to—parent.  

Budget transfers should only be performed in order to adjust a department's spending plan and cover over expenditures. Budget transfers should not be done to move an expense. Expenses should always stay in the department with which they belong.