Budgeting

This enables you to give a name to your budget. You may have as many Budget Groups as you like.

E.g. Sales 2012 Budget, Expense 2012 Budget, etc.

This enables you to give a name to your budget. You may have as many Budget Groups as you like.

E.g. Sales 2012 Budget, Expense 2012 Budget, etc.

You will be able to compare your actual results with budgets set at the registration 

Creating a Budget Group

STEPS:

1. Click REPORT activity
2. Click BUDGETING
3. Click BUDGET GROUP
4. module
5. Click NEW
   CODE enter Sales2013
   DESCRIPTION enter Sales Budget 2013
   Enter a unique code and enter a meaningful name.
6. Click ADD
   
7. Close the module

Creating a Budget Registration

STEPS:

1. Click REPORT activity
2. Click BUDGETING
3. Click BUDGET REGISTRATION module
4. Click NEW
5. CODE select Sales2013
6. PERIOD select January 2013
   Select 12 for a 1 year period. In another words, you can setup quarter or budget for any period.
7. MONTH select 12
   
8. JOB leave Empty

Unless you are planning a Budget for a specific Job , you leave it empty for the entire company budget

You may begin entering or adding accounts one by one for the budget planning here.

Alternatively, you may use Category to add entering of Chart of Accounts.

STEPS:

1. Click on the column (refer to pic red box) on the left module
2. Press DELETE on your keyboard
   

STEPS:

1. Click 1st Month
2. Enter 50000
3. Do you want to apply amount to the month
4. Click YES
   

STEPS:

1. Click ADD
   
2. Close Module
   

Printing a Budget Report

STEPS:

1. Click REPORT activity
   
2. Click BUDGETING
3. Click BUDGET REPORT module
4. FROM select Jan 2013
5. TO select Dec 2013
   To Type, you may compare your budgeted with actual figures by Monthly, Bi-Monthly, Quarterly, Half-Yearly or Yearly
6. BUDGET GROUP select Sales Budget 201
   
7. PE select Monthly
   
8. Click REFRESH
   
9. Click PRINT
   
10. Close Module