Difference between revisions of "Defining Budget Title"

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== Budget Definition ==
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== '''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.
 
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.
  

Latest revision as of 08:51, 8 April 2020

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
Budget Title.png

2. Add New Title

Image1121.png
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