To base a budget on another budget or actuals, select the Copy option, and then fill in parameters to fit needs.
For example, to populate 2017 Budget numbers based on 2016 Actuals + 10%, set parameter, and click This Account to see results.
Or, to populate 2017 Budget numbers based on 2016 Actuals + a fixed dollar amount, set parameters, and click This Account to see results.
To populate 2017 Budget numbers based on 2016 Actuals without any adjustment, set parameters to the following, and click This Account or Multiple Accounts to see results. The Multiple Accounts option is available to impact more than just the selected account and should be viewed as all accounts.
Set Specific Value
To populate Budget numbers based on a specific value, click on the Set Specific Value radio button, choose Budget, and specify value to populate.
Note that Multiple Accounts feature is not available with this option.
Delete Budget Data
To assist with Data Entry, if improper balances were loaded, utilize the Delete all budget datafunction to clear out previously populated balances for one or multiple accounts.
To cut down on data entry time, use toolsets such as the Budget Import Wizard, or the tools found in the More Options section.
Q: How do I base next year’s Budget on a % of current year actuals?
A: Expand the More Options section, select the Copy option, and define the parameters to fit your needs.
Q: Do I need to post Budget Numbers?
A: Once saved, Budget Numbers flow directly into the Budget Ledger, and do not require an additional posting.
Q: What do I do when I receive an error saying my data is incompatible during the Import process?
A: An error such as the following would indicate that the Account specified is not active for the designated department. Either activate the desired Department for that Account in the Account setup, or modify the Import spreadsheet to reflect an Active department.