Original Budget vs. Revised Budget

Original budget is the plan set at period start; revised budget reflects mid-period changes.

【Original Budget (当初予算)】

The baseline plan set before the fiscal year begins. Once approved, it becomes the benchmark for actual-vs-budget comparison.

【Revised Budget (修正予算)】

Created when circumstances change mid-period: market shifts, org restructures, large new deals. Managed with version numbers (v1, v2...).

【How to use them】

· Variance analysis typically compares against the approved original budget OR the latest revised budget

· Which version to use as the baseline depends on your management accounting policy

· Creating a revised budget does not delete the original — all versions are preserved as history

【Approval flow】

Revised budgets go through the same approval workflow as original budgets (submit → approve → reject).

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How to Submit a Budget Request

The end-to-end process for submitting a department budget request and getting it approved in WorkVell.

Handling Budget Approvals and Rejections

How to revise a rejected budget request and how to submit a revised budget after approval.

Creating Budgets and Allocating by Department

Set up an annual budget and allocate amounts to departments and cost centers.

What is a Cost Center?

Cost center is a unit used to track where expenses occur within a company.

Handling Budget Approvals and Rejections

How to revise a rejected budget request and how to submit a revised budget after approval.

Creating Budgets and Allocating by Department

Set up an annual budget and allocate amounts to departments and cost centers.

Cost Center Analysis and Budget vs. Actual Comparison

Set up cost centers, allocate expenses to them, and run budget vs. actual variance reports.

Mid-Period Goal Modification Procedures

How to modify goals during the evaluation period and get manager approval.

Budget vs. Actual and Variance Analysis

How to track actual spending against approved budgets and analyze variances in WorkVell.

Reading Monthly Budget Reports

How to read and use monthly budget management reports.