Budgets
The budget facility is used to enter and edit budget figures in TurboCASH, 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.
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The following new features have been added: 1.Budgets may be entered for any of the periods or financial years. 2.Budgets may be entered for a specific date - e.g. Expected once off purchases or a specific big sale, etc. 3.Budgets may be entered for Cost centers (Cost center 1 and / or Cost center 2), if activated. 4.Budgets may be entered for Projects, if activated. |
Budget figures (if entered in Action → Accounts), are displayed on the following reports (Reports ribbon):
1.T-Ledger analyzer 1 /2:
oBudget option for Trial balance, Income statement, Balance sheet and Standard column balances report types.
oBudget vs actual report type.
2.T-Account viewer
3.Ledger - Budget vs Actual (3 periods).
4.Optional (if activated):
oCost centers - If Cost centers are activated and Budget figures are entered in Action → Accounts.
oProjects - If Projects are activated and Budget figures are entered in Action → Accounts.
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