The budget facility is used to enter and edit budget figures in TurboCASH5.2, which can be compared with actual income and expenses. Budgets are a guide as to what you want to achieve; for instance what income you expect to generate (sales forecasts and income from other sources) and a plan for your expenses you need to incur to achieve that income. Budget figures can be flexible so as to take into account seasonal trends in business. 

The following new features have been added:

  1. Budget figures may be entered, adjusted or processed in the Budgets option on the Reports ribbon. The Pivot feature is introduced to analyse your Budget figures. This is in addition to the standard option to process budgets in Setup → Accounts (Setup ribbon)
  2. Budgets may be entered for any of the periods or financial years. 
  3. Budgets may be entered for a specific date - e.g. Expected once off purchases or a specific big sale, etc.
  4. Budgets may be entered for Cost centres (Cost centre 1 and / or Cost centre 2), if activated.
  5. Budgets may be entered for Projects, if activated.

Budget figures will be displayed on the following reports (Reports ribbon):

  1. Ledger analyser 1 /2: 
  1. T-Account viewer - List the Budget figures (for all accounts or specific accounts), as entered or processed in the Budgets (Reports ribbon); and / or on Setup → Accounts (Setup ribbon), in the T-Account viewer. You may print these budget figures and export the budget figures in T-Account viewer to a spreadsheet.
  2. Ledger - Budget vs Actual (3 periods).
  3. Optional (if activated):
    • Cost centres - If Cost centres are activated and Budget figures may be entered, adjusted or processed.
    • Projects - If Projects are activated and Budget figures may be entered, adjusted or processed.