Set up next year's budget figures

The standard budgeting method allows you to enter monthly budgets for each nominal code.  You can then compare the actual monthly figures against the budgets that you enter. This is the default budgeting method. 

You can't enter budgets for the future years until you run your year end. 

You can change your budgeting method using our How do I switch budgeting methods? article.

Ensure Advanced Budgeting is enabled

1. Go to Settings then select Company Preferences.
2. Go to the Budgeting tab, then select the Budgeting Method drop-down, and click Advanced.
3. Click OK.

Enter forecast budget figures

1. Click Departments, select the department from the list, then click Budgets.
2. In the Nominal Area, select the required nominal code.
3. In the Forecast table at the bottom of the window, enter the budget for the next year.
   
   You can use the Copy Values option to complete following months.

On running the Year End routine you can choose to update the next year's budget figures with this forecast, the current year's budgets or the current year's actual totals. If required any of these budgets can be increased by a percentage.

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