Budget and reporting

Workday Planning is a web-based budget, planning and reporting tool that has been integrated across the University system. Within Workday Planning there are three components:

• Budget – Fin Plan Update. This sheet is used to enter and manage annual operating budgets, which contain revenues and details of all operating expenses except for salaries and benefits.
• Budget – Position Update. Used to maintain details of salaries and benefits by person and position for annual operating budgets.
• LRP – Long range planning. This is used to plan future year budgets.

Workday Planning allows users to:

• Enter and maintain budgets in a common system
• Plan compensation costs in more detail
• Use more efficient and user-friendly tools for reporting and data analysis
• Perform long-range planning and forecasting

Below you’ll find a list of resources related to budgeting and reporting:

General UM guides:

• Budget maintenance (BCM)
• Data warehouse reports (Cognos)
• OfficeConnect
• Workday Planning reference guides & videos

MU specific guides:

• Power BI – capital proposal app guide
• Power BI – quick reference guide

Questions?