A budget is an estimate or plan of income and expenses for a set period of time that can be compared to actual figures from the Profit & Loss Statement.
Manager includes a simple budgeting capability under the Reports tab. Click on Profit and Loss Statement (Actual vs Budget):
Then click New Report to start the process:
Fill in the form:
Fromis the first day of the budget period. By default the first day of the current month will appear. Edit as necessary.
Tois the final day of the budget period. By default, the last day of the current month will appear. Edit as necessary.
Tracking Codeallows you to create a budget for a division, branch, or project by selecting its tracking code. This field does not appear unless you have defined at least one tracking code.
Accountfields offer all accounts from the Profit and Loss Statement side of your chart of accounts. (Budgets cannot be created for Balance Sheet accounts, because those are perpetual.)
Amountis the expected income or expense during the budget period for the individual account.
Click Create to store the budget. You can create as many budgets for as many different time periods as you want. A budget from one time period can be cloned as a starting point for building a budget for another time period.