I am looking for Best Practices to implement and Setup Budgets in Netsuite. • Any ideas?

Go find a real Budgeting tool? Seriously though, not trying to be a jerk, but NS' budgeting functionality is really, really, REALLY basic. You can get a Budget v Actual report with few or no variations, but that's about it. As for best practices, assuming you're going to use it, most people I've worked with generally do whatever they need to prep the budget outside of NetSuite and then just use the budget import tool to bring it in once it's finalized. Other than manual adjustments of numbers or being able to do amount +/- X% en masse, there's not much budget functionality within NetSuite itself once you have the numbers loaded. It's a fine 'starter' budget tool if you've never really done any budgeting before, but most people I've encountered get frustrated with it pretty quickly once they start to want to do more involved stuff.

Agree. Go and look for other solutions like Adaptive

I agree with the above to take any budgeting outside of NS

Totally understand and agree with you. One immediate need it to have budgets setup, and at PO creation time be able query against that budget to make sure we are not ordering beyond the budget approved. That sounds more like scripting to me. Thank you again.

Agreed on the scripting piece as well; it sounds like there would need to be some logic to accomplish that.

you can use a workflow with saved searches to accomplish that with out any scripting.

Yes, I was looking at that last night; however, after collecting all requirements we will decide if the Netsuite Budgeting capabilities will work us to start. Thank you all for your valuable information.

@mescalante at PO creation if you need to check budgets then there is a free SuiteApp called Expense commitment and Budget validation. It pretty much does the same.

@Tahir Mustafa Thanks a lot for the information. I will evaluate this SuiteApp.