Navigation: Settings > Company Settings > Budget Manager >

How to setup Budget Manger

 

 

 

Steps on how to create a New Budget

 

1.Follow the route of Settings > Company > Budget Manager;

2.Click on New Budget;

3.Fill the required information;

4.Save.

 

Fields explained in Creating New Budget

                                                                                                                                                                          

 

1.Budget Name: User may specify a name for newly created budget.

2.Financial year:  Three years of Last Year, Current Year and Next Year would 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. Start Month is defaulted as July of current year. Once user has selected the start month, 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 next twelve months, and this is a fixed column which is not editable.  

7.Month: User may input number only; 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 new Budget, user may Export the budget to CSV File by clicking Action button.

 

 

 

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