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How to setup Budget Manger

 

 

 

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

                                                                                                                                                                          

 

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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