Entering a New Budget

Budget Worksheets are saved in Dropbox in the Company folder>Management>Year

General Ledger>Programs>GL Budget Codes

   Go to the grid tab to view all existing budget codes

   Create a new code and save 

*Typically there is one code for each year

General Ledger>Programs>GL Initialize Budgets

    Fiscal Year Ending: December of the year of the budget

    Budget Code: The budget code name you created in GL Budget Codes

    Based on: Select Existing Data

    Existing Data: Select Budgets

    Fiscal Year Ending: December of last year

    Budget Code: Last years budget code name

Then select Initialize

*This will bring in the GL's and amounts used in last years budget

General Ledger>Programs>GL Budgets

    Select from the Grid or by entering in the GL Acct

    Make sure your Fiscal Year Ending and Budget Code are correct

    Go to the Monthly Budgets tab and enter in the budget per month

*Liability, Equity, and Revenue GL Accts will be Credits (Cr). Expense and Asset GL Accts will be Debits (Dr)

After entering the budgets, you can use the grid to compare your ending balance to the budget worksheet's ending balances. 

You can also use General Ledger>Reports>+GL Budget Variance Report to compare totals.

Precautions: 

If a specific GL doesn't have any months set up (see below example), follow these directions.