Budgets

Building a Budget

Go to Accounting > Management > Budgets → Create.

Budget Header

• Budget Name – e.g. "FY2026 Operating Budget" or "Q3 Marketing Budget".
• Responsible – who owns this budget.
• Start Date / End Date – the budget's overall period.

Adding Budget Lines

Each line ties a Budgetary Position to a Planned Amount for a specific sub-period:

1. Click Add a line.
2. Select the Budgetary Position.
3. Optionally select an Analytic Account to scope this line to one department, project, or cost center rather than the whole company.
4. Set the line's own Start/End Date (can be the full budget period, or a sub-period like one month, if you want month-by-month granularity).
5. Enter the Planned Amount.

Use several lines with monthly sub-periods (rather than one line for the whole year) if you want the Theoretical Amount comparison to reflect a realistic, non-linear spending pattern (e.g. higher marketing spend in Q4).

Approval Workflow

1. Build the budget in Draft.
2. Click Confirm to submit it for approval.
3. An approver clicks Validate to lock it in as the active budget for tracking.
4. At period end, mark it Done.

Beyond a Single Company-Wide Budget

Because each budget line can carry an Analytic Account, you can run several parallel budgets scoped to whatever you track analytically — departments, projects, cost centers, or product lines (see the Accounting course's analytic accounting coverage).

Typical Setups

• One budget per department – each department head owns and is measured against their own budget lines.
• One budget per project – planned vs actual cost for a specific client project, feeding project profitability alongside the Projects course's own profitability report.
• Consolidated view – a company-wide budget with lines split by analytic account still rolls up to one overall Budget vs Actual total when you need the big picture.

Make sure every relevant journal entry (bills, expenses, timesheets) is actually tagged with the right analytic account at entry time — a budget can only track what's tagged; untagged transactions silently fall outside every departmental/project budget while still hitting the company total.

Planning Spend Before It Happens

A budget lets you set planned income/expense targets for a period and then continuously track actual performance against them — turning "did we overspend on marketing this quarter?" from a manual spreadsheet exercise into a live report.

Core Concepts

Budget Statuses

• Draft – being built.
• Confirmed – submitted for approval.
• Validated – approved and active for tracking.
• Done – period closed.
• Cancelled.