2. Agenda Introduction to Budget Purpose and benefits of Budgets
Steps to enable Budgets
Configure budgets for Groups , ledgers and Cost Centre
Product walk through
Budget Variance Reports
Q&A

3. Budget – 1 of 2 Introduction The Purpose/Benefits of Budgets
Budget is a list of all planned expenses and revenues.
It helps them in planning targets for the future, in terms of laying figures that the organisation plans to achieve
Budgeting helps to have a control on business expenditure since budgeted figures can be compared against actual figures and the variances can be analysed.
The Purpose/Benefits of Budgets
Refine goals and use of funds efficiently
Accurate evaluation of Financial activities
Helps in Decision Making
Reference for future planning

4. Budget – 2 of 2 Product Walk through Reports
Create Budgets for specific period
Record transactions as per budget allocated
Reports
Budget Report - Budgets can be displayed in new columns in most financial statements like the Balance Sheet and Profit & Loss A/c.
Budget Variance Report - Budget Variance is the difference between actual transactions values and the Budgeted figure.

5. Questions?

6. Thank You