How to define budget rate type in MSD axapta 2012

To define budget rate type in axapta 2012 you can read following tips.

Problem:A budget rate type is not defined for the ledger.How to  Select a budget rate type for the ledger before you record budget register entries?

Solution:

 Go to General Ledger > Setup > ledger parameter and choose the budget rate type.

Budget rate is the exchange rate you used to define what rate you will use in your budget go for ledger parameters and assign the same one available for you . The reason for this is required is companies sometime have a different policy for budget exchange rate so AX will allow you to track this rate as well as the original transaction rate.