System ➔ Finance ➔ Budgets
This document provides you the steps to entering budgets.
The information in this document is applicable to product update 407 and higher. If you have versions lower than this, certain features explained here will not be applicable.
Type or select the project code if the budget is related to a project.
Type or select the budget scenario.
Type or select the date. The date must fall within the range of periods of the budget scenario.
Type or select the item if the budget is for an item.
Type the quantity of the budgeted item if the budget is related to an item.
Type the budgeted amount of cost. If the budget is for an item, the amount will be automatically filled in based on the quantity entered and the cost price of the item.
Type or select the general ledger account related to the cost budget. If an item is selected earlier for this budget, the general ledger account will be automatically defined based on the Cost of goods sold general ledger account defined under the Financial tab of the item maintenance screen at Inventory ➔ Items ➔ Maintain.
Type the quantity for the budgeted revenue. For example, the budgeted sale quantity of an item.
Type the budgeted amount of revenue. If the budget is for an item, the amount will be automatically defined based on the quantity entered and the sale price of the item.
Type or select the general ledger account related to the revenue budget. If an item is selected earlier for this budget, the general ledger account will be automatically defined based on the Revenue general ledger account defined under the Financial tab of the item maintenance screen at Inventory ➔ Items ➔ Maintain.
Type or select the identification code of the person. This is the person who creates the budget.
Type or select the debtor. This debtor is associated to the budget.
Type or select the creditor. This creditor is associated to the budget.
Type or select the warehouse. The budget is based on this warehouse.
Type or select the cost center. The budget is based on this cost center.
Type or select the cost unit. The budget is based on this cost unit.
Type the description of the budget. If an item is selected for this budget, the description will be automatically defined as the item description.
Click this to save the new budget entry.
Click this to create another budget entry.
Click this to exit.