Budgets and planned versus actual results
A budget is a financial plan for comparison, not an entry changing actual balances. Align accounts, period and currency so differences can be explained.
Last reviewed
Before you start
Select the correct company and verify permissions. Learn in a test workspace; posting or restoring can change actual data.
Workflow
- Open Budgets and select the planning period before entering amounts.
- Enter planned values for appropriate accounts in the available currency and time intervals.
- Check income, expenses and signs; do not confuse one month's amount with an annual total.
- Save and open actual versus budget comparison for the same accounts and date range.
- Open accounts with differences and review their documents; revisit the plan when assumptions change.
Watch this distinction
Entering a budget limit does not itself block spending. Transactions remain governed by implemented permissions and policies.
Verify the result
Reopen the record and check saved values and state. For financial operations, compare the document with the relevant movement and report before continuing.