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Accounting

Set a budget and track against it

Set monthly targets by account, start from last year's figures if you like, and compare them with what happened.

  1. Create
  2. Fill in
  3. Compare

A budget is a target for each income and expense account, month by month, for a year. Budget vs actual then shows how you're tracking.

How do I create a budget?

  1. Open AccountingAdvancedBudgets and choose New budget.
  2. Give it a Name and pick the First month.
  3. Under For, leave it as the whole business or pick a tracking option.
  4. Tick Start from last year's actuals to copy last year's figures, and use Adjust by to raise or lower them.
  5. Choose Create budget.

How do I fill in the months?

  1. Click a month next to an account and type an amount.
  2. Fill copies the first month across the row.
  3. Choose Save budget.

Budgets are in whole dollars, excluding GST.

How do I compare it with what happened?

On the budget, choose Budget vs actual. You'll also find it in AccountingReportsAll reports, with a Budget picker.

Can I put an old budget away?

Use its menu and choose Archive. The figures are kept and you can restore it from the Archived tab.

Next

Read your profit and loss

See your income, expenses and profit for any period, compare it with earlier ones and filter by tracking.

Split your reports with tracking categories

Set up categories like Region or Department, tag transactions with them, and filter your reports.

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Fixed assets

Put equipment and vehicles on your asset register, let Billbook work out depreciation, and record a sale or write-off.

Currencies

Invoice, bill and bank in other currencies, keep exchange rates up to date and revalue foreign balances at month end.

On this page

How do I create a budget?How do I fill in the months?How do I compare it with what happened?Can I put an old budget away?Next