21st Century Accounting Help - General Ledger

Budgets

Use General Ledger/Configure/Budgets to create budgets and modify existing budgets. The spreadsheet format for setting up budgets, with account names as row labels and fiscal periods as column heads, lets you keep track of fiscal year totals and column (period) totals as you enter and modify amounts.

The Initialize button on the Budgets window provides some tools for quick data entry. You can also enter amounts in budget cells, paste to the Calculator, run calculations, and paste back to the Budgets window.

Initialize button

The Initialize button gives you some quick setup options for entering initial budget amounts, which you can then modify as required. Use the Initialize menu to set up initial amounts as -

Zeroes. This option creates the budget for the selected year with all zeros for the amounts or replaces amounts in an existing budget with zeros. You can use this option to start over if your budget entries are not satisfactory.
Actual balances starting with period. This option lets you select a period and year of actual general ledger balances for beginning entries in the budget for the selected year. You can also enter a percentage by which to increase or decrease the budgeted amounts.
Existing budget for year. Select another year's budget as the basis for the budget for the selected year. You can also enter a percentage by which to increase or decreaes the budgeted amounts. (This option is available only if the company has some budgetd amounts for at least one year.)

Related Topics:

Using the Calculator