Create a New GL Budget

Item

Description

New Budget Code

The code for this budget. When running a GL Report, (Reports > General Ledger Reports > Run GL Reports) this code appears in the Budget list.

Create Empty Budget

Select to create a budget record for all branch, account numbers and sub account numbers with a zero value.

Copy Budget

Select to replicate an existing budget. The budget to be copied needs to be selected from the list.

Copy Last Year’s Actual Values

Select to create a budget record for all branch, account numbers and sub account numbers with a value from the equivalent period in the previous year.

Multiply by and Round to $

These options are only available when you are creating a new budget from an existing budget or creating a budget from the previous year’s actual results.

Overwrite records option

This allows you to replace an existing budget with new records.

Note: The existing records are deleted.

Period range selection

Allows you to only create records for a specific range. For example, you may be half way through a financial year and require a re-forecast for the last 6 periods. Fewer records in the database mean that reports operate quicker than they would with a large number of zero values. The periods 1 to 12 are the periods of the financial year. 1 is the first period of the financial year and 12 is the last. So, for example, if the financial year is July to June, July is period 1 and June is period 12.