Do we create budgets for Asset clearing Account.

Hi Team

Module General Ledger.

In Budget functionality, we provide budget amounts for the Balance sheet items as well as Profit & loss Account.

But my educated guess is, we need not / should notcreate budgets for clearing accounts like asset clearing account. We are all aware, that clearing accounts are temporary accounts.  

Now.........we are upgrading from 11i to r12 for a client.  But they have a problem with budget controls in 11i. 

So we have analyzed and understood that they are budgeting for the asset clearing account instead of asset account.  Is it correct.  

My understanding is we have to create budgets for asset account.  Please clarify.