Budgets

Sage One Accounting allows you to create your financial budgets.

Follow these steps to create a budget for your company:

Click on the Company…Budgets…Add a budget option.

The following screen will be displayed:

Enter the name of your budget in the available field.

Select whether your budget will be for the current year or for the next year.

You have the option to create your budget using historical data from Sage One Accounting or you can enter your budget amounts for each account manually.

Click on the Next button.

Create your budget based on historical data

Choose the historical data to use current year or the previous year data.

Select the historical data Cost of Sales to be based on Purchases or Sales.

You can use your previous year actuals and adjust and round the values to increase or decrease and you can set it by percentage and round it to the nearest value or you can use your previous year actuals and round the values to the nearest value.

Click on the Create Budget button.

Create your budget manually

Enter all the amounts of all the system accounts.

If not all the system accounts are available that you need to enter amounts for, you need to create new accounts.

Click on the Copy button ( – This button copies the budget values for this account).

The following screen will be displayed:

You have the option to copy the same values in the upcoming months, or you can copy this value across to each month going forward, adjusting the values at the same time.

Click on the Copy Now button.

The following screen will be displayed:

If you click on the blue Copy button ( – This button copies the budget values for all accounts), the following screen will be displayed:

You have the option to copy the value entered to each month going forward, or you can copy this value across to each month going forward, adjusting the values at the same time.

Click on the Copy Now button.

Once you completed entering the budget amounts, you can save the budget by clicking on the Save button.

The Budget Report

Once you have created and saved your budget, you can print or export your report to submit it to the banks or financial institutions.

Follow these steps to view your budget report:

Click on the Company…Budgets…Budget Report option.
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The following screen will be displayed:

Select your budget from the Budget drop down menu.

Check the Show Zero Items check box if you want to see zero values.

Click on the View Report button.

The following screen will be displayed:

You can either export this report to Excel or you can print the report.