Knowledge

Create a budget

You can create next year's budget from scratch, or use last year's Profit and Loss data to start one.

• 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. Set the fiscal year for this budget, then choose either Profit and Loss Accounts and Balance Sheet Accounts . Then select Next. 
  

• Step 5.
  • If you selct the Profit and Loss Accounts, select either Create budget from scratch or Create budget from prior fiscal year transactions -> Select Done
    
  • If you select the Balance Sheet Accounts -> 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. Select  the fiscal year for this budget, then choose either Profit and Loss Accounts and Balance Sheet Accounts  -> Select type -> Click the Choose File button under Select the excel file and choose a file  -> click on the Import button 
• In case the import fails, the Download file error button will be displayed. To see the import error, click Download file error to download the file and see the error.
  
  

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 lastes edits

Deleting a Budget 

If you wish to delete a budger, 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 

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.