Forum Discussion

tom-mac's avatar
tom-mac
Experienced Cover User
6 years ago

Entering Balance Sheet Budgets

I have entered the P&L Budget for FY20 and is all ok. However entering the Balance Sheet Budget is always a drama each year. I believe I must enter the 'movement' for the month rather than the acco...
  • tom-mac's avatar
    tom-mac
    6 years ago

    Hi Ian

     

    I have been able to work it out.

    1. You must print the June 19 Balance Sheet [Budget analysis] report.

    2. You then identifty the June 19 Budgeted Amount for a particluar account and take this amount from your July 19 budgteded balance for that account.

    3. You then post the difference between the 2 amounts as the budgeted amount for that account for July 19.

    4. Then when you print the July 19 Balance Sheet [Budget analysis] report the July budget amount is correct.

     

    Very strange way of doing it.