GL Budgets General Accounting>G/L Budgets

Overview  

The G/L Budgets applet allows the user to set budgets for both cash and accrual accounts within the Chart of Accounts for a fiscal year (see below). Budgets can be maintained for any and all General Ledger accounts per accounting period. Budgets for both accrual and cash balances can be entered. Budgets can appear and be part of calculations in financial statements.

Note - Budgets are put in per accounting period. If you want to distribute an annual budget evenly across a year’s periods right-click on the first period cell of a G/L account and choose allocate. It will ask you for the annual amount to allocate.

Field Descriptions