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How to control Project budgets for multiple years for the same Project, Task and Expenditure Item


Hello Experts,

We have a requirement to follow annual project budgets with Absolute Budgetary Control. Budget need to be created at the Project, Lowest Task and Expenditure Type (Resources) and budgetary control should trigger on the basis of date ranges assigned to such budget (01-Jan-2023 to 31-Dec-2023).

As we are closing the financials for 2023, there is a need to upload the budget for FY 2024 for all possible combinations and retain FY 2023 budget for few projects, tasks and expenditure types. When we try to add the budgets as per this requirement, system do not accepts the 2nd line (FY2024) and overrides the budget for FY2023 during baselining processes. Please refer the attached screenshot.

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