BS: Budget Override

Subject: BS: Budget Override
From: Arthur_itus
Date: 04 Jun 11 - 04:36 AM

Whilst I am familiar with accounting and budgetting in the UK, I am not familiar with the term "Budget Override" which I assume is an American term.

Can anybody in simple terms explain what it is?

Many thanks.

Subject: RE: BS: Budget Override
From: Arthur_itus
Date: 04 Jun 11 - 07:24 AM

Well here is a quote
The Budget Override option gives the ability to set different budget amount
for different months in the future. The amount set in the Set Budget screen
is the default amount for the current and future months. In case if you need
to increase/decrease the budget just for a specific month in the future, you
can do this in the Budget Override screen.


That sounds to me like making a revised forecast.

Subject: RE: BS: Budget Override
From: gnu
Date: 04 Jun 11 - 02:27 PM

Seems to me it can mean allowing extra expenditures or providing for extraordinary spending reviews to attempt to limit overexpenditures. So, it would be a term well within the realm of politispeech... ie, it means what it means when politicians say what it means... day by day.

Subject: RE: BS: Budget Override
From: Arthur_itus
Date: 04 Jun 11 - 04:02 PM

:-)

Subject: RE: BS: Budget Override
From: Rapparee
Date: 04 Jun 11 - 10:54 PM

Well, ya see, that when the elected or unelected officials decide to ride roughshod over the budget which was approved.

Is it clear now?

Subject: RE: BS: Budget Override
From: Arthur_itus
Date: 05 Jun 11 - 02:20 PM

Yup :-)

Subject: RE: BS: Budget Override
From: Richard Bridge
Date: 05 Jun 11 - 02:40 PM

I can think of other meanings in the context of some film related agreements.

Subject: RE: BS: Budget Override
From: Arthur_itus
Date: 05 Jun 11 - 03:32 PM

Probably the same sort of thing Richard, at least if it is financial.