Budget Worksheet

The Budget Worksheet feature allows you to enter in a projected budget based on Income, Cost of Sales and Expenses. Once the budget is complete, you can run a Budget Variance Report to compare actual sales with budgeted sales.

 

To Create a Budget Worksheet

 

1. From the Upper Menu, click Sales | Budget Worksheet.
2. The Budget window will open.
3. Select New.
4. Choose a Period Start date and a Period End date.
5. Enter in the projected Income, Cost of Sales and Expenses in the fields.
6. Click Save and Close.
7. Once all Sales information has been entered for the Period Start and Period End dates you can now compare the Actual vs Budgeted.
8. From the Upper Menu, click Reports | Budget Variance.
9. In the From field, select the Period Start date and in the Period End date in the To field.
10. Click Preview.
11. This report will display the variances between Actual and Budgeted costs. It will also show the Net Income amount.