Defining Budget Title

Budget Definition

A budget is a formal statement of estimated income and expenses based on future plans and objectives. In other words, a budget is a document that management makes to estimate the revenues and expenses for an upcoming period based on their goals for the business.

Prerequisite

• Institute finance policy should be created.
• Financial year should be created.
• Ledgers and groups should be created.

Roles

Finance Admin

Path

Budget » Budget

Functionality

• Able to add budget title with respect to financial year.
• Able to create groups under each budget title.
• Able to associate departments and cost centers to created groups.

Step by Step

1. Budget Title Creation

2. Add New Title