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Add/Edit Budgets
Budgets can be entered for any operating statement account for any time period. Budgets are not mandatory for every account and can be set up at any time. They do not necessarily have to be entered during the initial setup of the system.
Once a general ledger account has been selected, push the [New] button on the toolbar to set up the budget record. The G/L Budgets Add form will be displayed.
There are three ways to set up a budget:
Enter an amount to be added for each period Use this option if the budget amount for each of the selected periods is the same. You will be asked to enter the Monthly Budget Amount. Example: If you enter 1000.00, then the budgets for each selected period would be $1,000.00
Enter an amount to be equally distributed between selected periods Use this option if you have a gross budget amount that is to be equally divided between the periods selected. You will be asked to enter the gross budget amount to be distributed. Example: If you enter 24000.00 and have selected 12 accounting periods, then the budget for each period would be $2,000.00 (24000/12).
Enter an amount for each individual period Use this option if the budget amount for each period selected is different to allow entry for each month. You will be asked to enter the budget amount for each individual period.
For step-by-step instructions.