Entries recorded on the Current Continuing ledger (B_CUR_CONT) will change the budget for the current fiscal year AND future fiscal years (note: the university does not roll budgets over year-to-year, so continuing ledger entries will need to be re-entered at the beginning of the fiscal year).
Entries recorded on Current Temporary ledger (B_CUR_TEMP) will change the budget ONLY for the current fiscal year.
The Initial Continuing and Temporary ledgers are only used by the Budget Office to record initial budgets, almost exclusively used during July (Period 1).
Video Guide on How to Create a Budget Journal Entry
