Creating budgets

Follow these steps to create a budget for your company:

  1. Log on to the Customer Center.
  2. Click My Company > Budgets.
  3. Click Create New.

    The Budget Entry page is displayed.

  4. Provide mandatory details.

    Name

    Type a name for your budget.

    Fiscal Year Start

    Select a month for the start of the fiscal year.

  5. To define the time frame for your budget, select Year, Quarter, or Month. You can have multiple time frames for a budget.
  6. Type an amount. By default, the currency for your budget is your company's defined currency.
    Note: If the amount you define contains decimal places, the amount will be rounded off to the nearest whole number.
  7. To cascade your budget equally into smaller time frames, click Distribute. For example, you can distribute your budget for one year into quarters and months.

    To get the total of distributed amounts, click Sum up.

  8. You have the option to clear budget details that you provided by clicking Reset.
  9. Select Activate to make the budget active.
    Note: Two or more budgets cannot be active at the same time under the same company and currency.
  10. Click Save.

    The budget you created is added in the Budget List page.