Budget Ledger: Implementation Activity

In this activity, you will learn how to create a budget ledger for a company in MYOB Advanced.

Story

Suppose that as an accountant, you need to create a budget ledger that will hold the optimistic budgets for the SweetLife Fruits & Jams and Muffins & Cakes companies.

System Preparation

Before you start creating a budget ledger, you need to sign in to a tenant with the U100 dataset preloaded. Sign in as an accountant with the following credentials:

  • Username: pasic
  • Password: 123

Step: Creating a Budget Ledger

To create a budget ledger to be used by the companies, do the following:

  1. Open the Ledgers (GL201500) form.
  2. On the form toolbar, click Add New Record.
  3. In the Ledger ID box in the Summary area, type BUDGETOPT.
  4. In the Description box, type Ledger for optimistic budgets.
  5. In the Type box, select Budget.
  6. On the table toolbar of the Companies tab, click Add Row, and select SWEETLIFE in the Company column of the added row.
  7. Click Add Row again, and select MUFFINS in the Company column of the added row.
  8. On the form toolbar, click Save.

    On the Branches tab, notice that all the branches of the SweetLife Fruits & Jams and Muffins & Cakes companies have been added.

You have created a budget ledger that can now be used to store optimistic budgets for both companies.