Topic: Budget Entry how it work?
Can anyboby explane for what need Budget Entry?
Re: Budget Entry how it work?
You need this if you want to compare/follow up your Profit and Loss Statement. You can select the Budget column to compare your real result.
/Joe
3 10/25/2011 04:35:20 pm (edited by lordas101 10/25/2011 04:35:42 pm)
Re: Budget Entry how it work?
Could you give me for example, it'll be more explanatory.
Re: Budget Entry how it work?
In the Budget Entry you enter your wishes (goals) about income and expenses for the accounts you normal use.
When you make a Profit and Loss report you can then compare the real period amounts against the budget and see how close you are to your budget.
Example:
Account Entered values october budget october
-------------------------------------- ----------------
4010 Sales -400 -1000
5010 Cogs 200 400
The compare column in the Profit and Loss Statement will also show the achieved % (in this case 40% for Sales and 50% for Cogs (Cost of goods sold).
/Joe
Re: Budget Entry how it work?
Thank's Joe for your explanation.
One more question, maybe not about this theme.
Is it possible to see singly profit for example for 1 invoice or location if there are more sell places?
Re: Budget Entry how it work?
The minimum range is 1 day in the selections. Maybe you can get closer in one of the Inventory Reports.
/Joe