Difference between revisions of "Budget Definition"
From TrueERP wiki
Simon Clive (Talk | contribs) |
|||
| (One intermediate revision by one other user not shown) | |||
| Line 1: | Line 1: | ||
| − | <menu name=myMenu align=center> | + | <menu name="myMenu" align="center"> |
More Detail= | More Detail= | ||
[[Account List for Budget]] | [[Account List for Budget]] | ||
| Line 11: | Line 11: | ||
[[Budget vs Actual]] | [[Budget vs Actual]] | ||
[[Job Report (Budget vs Actual)]] | [[Job Report (Budget vs Actual)]] | ||
| − | </menu> | + | </menu> |
== Overview == | == Overview == | ||
| − | Budget Definition allows the user to create multiple | + | Budget Definition allows the user to create multiple budgets. Each can be for different financial reporting periods. These <br>include Daily, Weekly, Fortnightly, Monthly, Quarterly, Half - Yearly and Yearly. <br>Each budget can be relevant to just one department (cost centre) or can apply to all departments, or a combination of <br>departments. |
| − | '''How To Create a New | + | '''How To Create a New Budget Definition''' |
| − | *Select the | + | *Select the '''Budget Definition'''' button displayed within the Budget Tab |
| − | *The | + | *The '''Budget Definition''' screen appears |
| − | *Name | + | *'''Name '''field refers to the name that you wish to call this particular budget |
| − | *Description field refers to how this | + | *'''Description''' field refers to how this Budget definition is to be described |
| − | *Start | + | *'''Start Date''' is a date picker allowing you to determine the date that this budget definition comes into effect |
| − | *Period | + | *'''Period Selector''' allows you to input how many 'intervals' this budget will be created for, i.e. If you select an interval <br> of ''''monthly'''' and then ''''12 periods'''' you are designing this Budget for the next 12 months and will display monthly figures. |
| − | *Interval allows you to select from Daily, Weekly, Fortnightly, Monthly, Quarterly, Half Yearly and Yearly | + | *'''Interval''' allows you to select from Daily, Weekly, Fortnightly, Monthly, Quarterly, Half Yearly and Yearly |
| − | *End Date will automatically fill in based on the intervals and the periods selected | + | *'''End Date''' will automatically fill in based on the intervals and the periods selected |
| − | *Departments allows you to select one or all of the departments (cost centres) that this particular budget will apply to. | + | *'''Departments''' allows you to select one or all of the departments (cost centres) that this particular budget will apply to. |
*To select a new department simply place a tick in the active box next to the department you wish to select. | *To select a new department simply place a tick in the active box next to the department you wish to select. | ||
| − | *The | + | *The '''Customisable Amount''' fields allow you to set parameters on the Budget. For example you may decide to set a plus <br> or minus 10% for variation on the budget, as a default the fields are labeled Aggressive and Conservative. An example <br> of this may be - we are budgeting on $10,000 in sales this month. You decide that if we really push (get aggressive) we <br> may do 10% more $11,000 but if we just coast (be conservative) we may only do $9,000. <br> |
| − | *The | + | *The '''Visible Flag''' will enable the description to be seen when we are entering a new budget |
Latest revision as of 23:56, 22 January 2014
Overview
Budget Definition allows the user to create multiple budgets. Each can be for different financial reporting periods. These
include Daily, Weekly, Fortnightly, Monthly, Quarterly, Half - Yearly and Yearly.
Each budget can be relevant to just one department (cost centre) or can apply to all departments, or a combination of
departments.
How To Create a New Budget Definition
- Select the Budget Definition' button displayed within the Budget Tab
- The Budget Definition screen appears
- Name field refers to the name that you wish to call this particular budget
- Description field refers to how this Budget definition is to be described
- Start Date is a date picker allowing you to determine the date that this budget definition comes into effect
- Period Selector allows you to input how many 'intervals' this budget will be created for, i.e. If you select an interval
of 'monthly' and then '12 periods' you are designing this Budget for the next 12 months and will display monthly figures.
- Interval allows you to select from Daily, Weekly, Fortnightly, Monthly, Quarterly, Half Yearly and Yearly
- End Date will automatically fill in based on the intervals and the periods selected
- Departments allows you to select one or all of the departments (cost centres) that this particular budget will apply to.
- To select a new department simply place a tick in the active box next to the department you wish to select.
- The Customisable Amount fields allow you to set parameters on the Budget. For example you may decide to set a plus
or minus 10% for variation on the budget, as a default the fields are labeled Aggressive and Conservative. An example
of this may be - we are budgeting on $10,000 in sales this month. You decide that if we really push (get aggressive) we
may do 10% more $11,000 but if we just coast (be conservative) we may only do $9,000.
- The Visible Flag will enable the description to be seen when we are entering a new budget
