Budgets provide better insight into a company’s financial status.
A budget is an overview of planned expenses and revenues. An important tool for companies, a budget is used in business intelligence to measure the actual financial operation of the business against the forecast.
With the Budget feature in Business Central, you can:
Create multiple budgets for identical time periods.
Create simple or complex budgets by selecting a combination of the G/L account, period, two global dimensions, and four budget dimensions.
Copy budgets from previous periods and revise actual figures or budget figures by using an adjustment factor.
Export budgets to and import budgets from Excel.
When you want to start entering a budget, the first step is to create a budget name. Let’s create a G/L budget.
CREATE A G/L BUDGET
To create a new G/L budget follow the steps below.
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