Complete Budget Planning
You can choose to set budgeted amounts per account on a monthly or yearly basis. This gives you the ability to set budget goals, and track your actual spending against those budgeted goals.
- Monthly - Specify the budgeted amount for the months that require a budget.
- Yearly - Specify your annual budgeted amount to be divided equally during the 12-month fiscal year. When divided equally, you can raise or lower any individual month; this adjustment is useful for months that require more budget.
Create a Monthly Budget Amount
You can specify the budgeted amount for the months that require a budget.
- To start the planning, click the Budget Planning button.
The default when you open Budget Planning, is to establish a monthly budget. The current month will appear on the screen, with all Active accounts for the chosen budget.
- For each budget account, enter the budgeted amount.
- Click the > arrow next to the month to proceed to the next month.
- For each budget account, enter the budgeted amount.
- Repeat steps 3 to 4 for the months that you need to set a budgeted amount for.
Create a Yearly Budget Amount
Specify your annual budgeted amount to be divided equally during the 12-month fiscal year. When divided equally, you can raise or lower any individual month; this adjustment is useful for months that require more budget.
- To start the planning, click the Budget Planning button.
- Click the Yearly
icon to display Adjusting Yearly Budget Amount.
The budget amount is divided equally across the 12-month fiscal year.
- You can either check "This will override the all monthly budgets" check box OR leave it blank and this will apply the budget amount to those months without a entered budget amount.