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Setting Up Budgets

You can set up monthly budget expenses for each of your expense accounts.

To set up a budget:

1. Choose Company > Setup Budgets or click Setup Budgets in the Company section on the task bar.
2. Enter the year for the budget
3. Select the account from the Account to Budget list.
   (To add a new account to your Chart of Accounts, click the Account to Budget link.)
4. If you are want to budget by department, select the department from the dropdown
5. Click the Set button
6. This will display monthly budget amounts. Enter the budget amounts for the appropriate months then click Save
7. If you’ve already created a budget for another year, to copy that budget to this budget year, select the year from the Year list and click Copy.
   If you have a total expense amount planned to distribute evenly, in the Amount box, type the total amount budgeted for the year. To evenly distribute the annual amount across all twelve months, click Distribute.
   If you copied or distributed amounts, adjust the monthly amounts, as needed.
8. Click OK.