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Steps to create a New Budget
1.Go to Settings > Company > Budget Manager;
2.Click on New Budget;
3.Fill the required information;
4.Save.
Creating New Budget Fields Explained
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1.Budget Name: User may specify a name for the newly created budget.
2.Financial year: Three years, including Last Year, Current Year and Next Year will be available for selection, which is based on the Current Financial Year settings saved in Company Information.
3.Start Month: User may need to select the preferred start month for this budget. The month of July in the current year is set as the Start Month by default. Once a user has selected the start month, the first month column in the following table would be the selected month.
4.Account: This column is the account list available for budget.
5.Account Type: This is the Account Type as stated.
6.Total: The total column should state the sum of the next twelve months, and this is a fixed column which is not editable.
7.Month: A user can input only a number; both positive and negative numbers are accepted.
8.Balance Sheet Accounts: Under this tab, the following account will display by default, which are Bank Account, Current Asset, Non-Current account, Current Liability, Non-current Liability Account, and Equity Account.
9.Profit and Loss Accounts: Under this tab, the following account will display by default, which are Income Account, Cost of Sales Expenses, Other Income Account, and Other Expenses Account.
10.Actions: While creating a new Budget, a user may Export the budget to a CSV File by clicking on the Action button.
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