Question { Satyam, 13026 }

what is budgeting and steps required to configure this

Answer

Budget means its planning, there are two types 1. Planning
Budget 2. Funding Budget,

When ever you are enabling check box "Require Budget
Journal" option in SOB under the Budgeting Tab and also
while defining the Budget, this is called funding budget.
for this in account ranges window we have to select budget
type is " Entered".

if you are not enable this check box its planning budget.