Budgets

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Budget is a financial plan for a defined period of time. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.

• Main Menu > Accounting > Other > Budgets

• Click New Budget

• Enter Budget name
• Define From Date, To Date for period of budget (usually a year)
• Save after completion
• Then click “Add budget Items”

• Select Account code. The account that used to control the budget
• Put the budget Amount
• Save after completion

Example 

• Make a direct payment (buy stationery 1,000 THB)

• Go back to the budgets. You will see the actual amount compared with the budget amount you will know variance amount and % of variance.