The interval of time (such as 12 months or 4 quarters) into which a period is divided for budgetary and reporting purposes. The ChartField allows maximum flexibility to define operational accounting time periods without restriction to only one calendar.
Budget Period is the period of time for which expenditures are planned and authorized. Both the Budget Period and Fiscal Year begin on September 1st and end on August 31st. The Budget Period chartfield is a combination of the letters BP and year (BP2003).
A specific interval of time for which funds are being provided to fund approved activities and budget. The Budget Period is determined by a Budget Start Date and a Budget End Date. Approved expenditures are only permissable during the Budget Period (see also: Performance Periods)
Term used to describe the fiscal year in PeopleSoft. For example, the budget period for the 2004-2005 fiscal year is "2005". Entering the correct budget period is essential to ensure that queries and/or any other information desired is searched for in the correct fiscal year.
periods of time (usually 12 months) into which a project is divided for budget and reporting purposes; for multi-year projects, a continuation proposal is usually required each year the project continues.