Setting Budgets for Your Accounts

GeneralLedgerGuide > General Ledger > Working with Accounts > Setting Budgets for Your Accounts

Adding Accounts or Years to an Existing Budget

Setting budgets can be a vital part of your business plan. The GL Budget Management window lets you set up budgets for your revenue and expense accounts, shows you when those accounts are near or over budget, and can prevent posting that will cause an account to be over budget. You can include as many years as you want in your budgets, but only current and future years can be edited.

You can view and monitor the account budgets by printing reports specific to budget information (see Budget Performance Report, Budget Reports, and Budget Tracking Report).

NOTE: If you converted budget data from CMS Professional, the software creates a default Budget Code named CONVBUDGET that contains your existing budget information. Only Revenue and Expense accounts will be included.

NOTE: If you upgraded from a Denali version prior to Denali 10, you need to Finalize and Save your budgets in the Budget Management window.

If you want to tinker with your budget numbers to see how different amounts will affect a current or new budget, you can use the Budget What-If Analysis window.