Set up budgets - Standard budgeting method

How to set up budgets using the standard budgeting method in Sage 50 Accounts.

Monitor how your business performance by entering budgets. You can compare your actual figures against the budgets monthly and for the whole year.

▼ Watch the video to set up budgets

Using standard budgeting, you can enter basic monthly budgets for each nominal code.

This allows you to compare the actual monthly figures against the budgets that you enter to see how your business is performing. You can't enter budgets for future years until you run your year end.

---

Enter budget figures

1. On the navigation bar click Nominal codes, choose the nominal code then click Edit or New/edit.
2. Either enter:
   • Individual budget values for each month, or
   • The annual budget in Total and press TAB then click Yes
3. Click Save then click Close.

TIP: With standard budgeting, you can also import budgets as part of your nominal records.

---