GO4SCOUNT
Budgets
Budget Management
Plan your budgets and track their execution for optimal financial management.
Introduction
The budget is a planning and control tool that allows you to forecast income and expenses over a given period and to compare achievements to forecasts.
Creating a Budget
To create a new budget:
1
Click on 'New Budget'
2
Name the budget
3
Select the fiscal year
4
Define budget lines by account
5
Enter forecast amounts
Budget Execution Tracking
Budget tracking compares in real-time:
Budgeted amounts (forecasts)
Realized amounts (actual expenses/income)
Remaining balance
Execution rate in %
Variance Analysis
Identify overruns and under-consumption:
Favorable Variance
Expenses are lower than forecasts or income is higher.
Unfavorable Variance
Expenses exceed forecasts or income is lower.
Next Steps
Optimize your management:
