Knowledge

Create a budget

• Step 1. Go to the Budget menu under the Accounting module
• Step 2. Click on the New
  
  
• Step 3. Click on the next button
   
  
• Step 4. Enter a fiscal year for this budget, then choose either Profit and Loss or Balance Sheet. Then select next. 
  
  
• Step 5.
  • If you select Profit and Loss, select either Create budget from scratch or Create budget from previous year's actual data  -> Select Done
    
    
  • If you select Balance Sheet -> Select finish
    

Import budget

To import budget from other systems: 

• Step 1. Click Import Budget button
  
  
• Step 2. To ensure successful import (correct format, full columns), you should download the template file by clicking Download sample for the month or Download sample for the quarter or Download sample for the year button.
  
  
• Step 3. Enter the data you need to import into the downloaded file and save it.
• Step 4. Enter a year at Beginning by specifying the year and type for the new budget ->  then choose either Profit and Loss or Balance Sheet  -> select a type -> Click the Choose File button under Choose excel file and choose a file  -> click on the Import button 
  
• In case the import fails, the Error file download button will be displayed. To see the import error, click Error file download  to download the file and see the error.
  
  Note: If you choose the wrong type, the import result will still be reported as successful, but the imported data will not be displayed in the selected type.
  

Edit a Budget 

• Step 1. Go to Budget 
• Step 2. Tab on Budget
• Step 3. Hit the drop-down, and select the budget which you plan to edit 
• Step 4. Make your respective changes/edits.
• Step 5. Confirm on Save to successfully retain your latest edits

Deleting a Budget 

If you wish to delete a budget, you need to take care of the step explained below: 

• Step 1. Go to Budget menu
• Step 2. Tab on Budget
• Step 3. Hit the drop-down, and select the budget which you plan to remove
• Step 4. Choose Delete button then confirm to delete

Review your budget

Go to the Reports menu and select Budget overview or Profit and Loss Budget vs Actual or Profit and loss budget performance.